LTC/BTC Is price ready to break to the upside?
After a big sell off that we have seen with LTC/BTC pair since the start of February, price has been consolidating for the last week failing to make lower lows,
Even tho we haven's seen a clear change yet in market structure im waiting on the sidelines to see who's going to make the next move.
If we start making moves to the upside I will be looking to take a long position if it breaks and closes above resistance with a retest of support.
Even tho we haven's seen a clear change yet in market structure im waiting on the sidelines to see who's going to make the next move.
If we start making moves to the upside I will be looking to take a long position if it breaks and closes above resistance with a retest of support.
Trade active
Sorry traders, Just realised I had named supply and demand wrong, its vise versa : ) Supply at the top, demand down bottom
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.