LTC broke down from it's 0.618 fib, and has now found support on 0.768.
Its oscillation with BTC has graphed a wyckoff distribution cycle, which currently will be turning to throwback for a retest of 0.01 BTC.
Several market signals point to a local bottom having been reached. CMF is showing bullish divergence on the daily for LTCBTC, and BTC has reached its channel top and is showing bearish divergence.
Long Target: 0.01 BTC
Long SL: 0.007 BTC
Short Target: 0.005 BTC
This is my personal analysis and should be taken as such. I'll update this Idea as the trade goes forward.
Hope you enjoyed and Happy trading!
Its oscillation with BTC has graphed a wyckoff distribution cycle, which currently will be turning to throwback for a retest of 0.01 BTC.
Several market signals point to a local bottom having been reached. CMF is showing bullish divergence on the daily for LTCBTC, and BTC has reached its channel top and is showing bearish divergence.
Long Target: 0.01 BTC
Long SL: 0.007 BTC
Short Target: 0.005 BTC
This is my personal analysis and should be taken as such. I'll update this Idea as the trade goes forward.
Hope you enjoyed and Happy trading!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.