Signals for an 'Ascending Triangle'
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
Nota
Flagging before breaking out again.I strongly feel the mentality has already shifted for altcoins.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.