Hey traders,
As you remember we were looking for buying opportunities on Litecoin after a bullish breakout of a major supply cluster.
Retesting the broken supply area, the market is approaching a peculiar confluence zone at the moment.
We see a perfect match between a horizontal daily structure support and a rising trend line.
Our confirmation is the double bottom formation with a neckline breakout on hourly time frame.
Initial target - 228
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.