Evening Traders,
Today’s analysis – LTCUSDT – trading at a clear resistance where a trend reversal is probable,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Daily S/R Resistance
- VAH Resistance
LTCUSDT’s immediate price action is trading at an area of technical resistance confluence, this allows for a bearish bias.
The area is in confluence with the .618 Fibonacci, VAH, Daily S/R and the Internal Weekly S/R, this deems the area for potential trend reversal.
The immediate objective is the lower Daily S/R Support, a bounce here is likely which will then need a further analysis.
Overall, in my opinion, LTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
Today’s analysis – LTCUSDT – trading at a clear resistance where a trend reversal is probable,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Daily S/R Resistance
- VAH Resistance
LTCUSDT’s immediate price action is trading at an area of technical resistance confluence, this allows for a bearish bias.
The area is in confluence with the .618 Fibonacci, VAH, Daily S/R and the Internal Weekly S/R, this deems the area for potential trend reversal.
The immediate objective is the lower Daily S/R Support, a bounce here is likely which will then need a further analysis.
Overall, in my opinion, LTCUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
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Trade with perks & support the community!
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.