LTCBTC is currently testing a breakout in the same manner that it 'broke-in' - is that a thing?
Forming somehwhat of an 'L' during its descend into the current trend pattern, Litecoin/Bitcoin recent actions show the possibility of a breakout, possibly forming somewhat of a 'J' on the breakout and beginning of a new trend upwards. My close EMAs (10 and 15) show uptick in momentum as the 10 has recently crossed the 15. I wouldn't say that this is a surefire indicator however, it's shows the likelihood how of a good test run above the current trend line.
Either way, I've constructed some good entry points for both the possible BUY and the SELL. Check them out below and let me know if you dig the steez.
BUY ENTRY: 0.006892
SELL ENTRY: 0.006061
Forming somehwhat of an 'L' during its descend into the current trend pattern, Litecoin/Bitcoin recent actions show the possibility of a breakout, possibly forming somewhat of a 'J' on the breakout and beginning of a new trend upwards. My close EMAs (10 and 15) show uptick in momentum as the 10 has recently crossed the 15. I wouldn't say that this is a surefire indicator however, it's shows the likelihood how of a good test run above the current trend line.
Either way, I've constructed some good entry points for both the possible BUY and the SELL. Check them out below and let me know if you dig the steez.
BUY ENTRY: 0.006892
SELL ENTRY: 0.006061
Note
Updated BUY ENTRY: 0.006786Note
Updated SELL ENTRY: 0.006523
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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.