Hey Guys, I am new to trading and constructive criticism would be highly appreciated.
Findings:
- Bullish Penant at 1d LTCchart
- It looks like the correction has stopped at the bullish red support line (being rejected quite harshly twice)
- Stochastic RSI looks oversold and preparing to turn upward
Overall, I have been long since $42.2 and would add more positions as it goes up. In my opinion, this rally should bvreak 48.697 first otherwise there's a chance of a double top and then we may see it drops to the main (blue) trend line.
Findings:
- Bullish Penant at 1d LTCchart
- It looks like the correction has stopped at the bullish red support line (being rejected quite harshly twice)
- Stochastic RSI looks oversold and preparing to turn upward
Overall, I have been long since $42.2 and would add more positions as it goes up. In my opinion, this rally should bvreak 48.697 first otherwise there's a chance of a double top and then we may see it drops to the main (blue) trend line.
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