LitecoinShort
LTC Short position for an 11% profit
Why:
- Descending Triangle
- Below 55 EMA and Kumo (a false breakout to the upside will retest here and probably bounce back)
- Below 50 on the RSI
- WT and MACD trending down
- Decreasing volume
- Measured move hits previous support
- Descending Triangle
- Below 55 EMA and Kumo (a false breakout to the upside will retest here and probably bounce back)
- Below 50 on the RSI
- WT and MACD trending down
- Decreasing volume
- Measured move hits previous support
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.
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.