LTC Trading idea
Hi everyone, if you like this analysis then put a Like to support us.
Price is moving in a descending channel. The price is likely to drop to a strong support level of $ 25.70. Above this level, the Double Bottom Pattern will be built and the price will be reversed. Then you can open a long position in the buy zone.
But if the price breaks this support level then the decrease will continue and the minimum price will be updated.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Price is moving in a descending channel. The price is likely to drop to a strong support level of $ 25.70. Above this level, the Double Bottom Pattern will be built and the price will be reversed. Then you can open a long position in the buy zone.
But if the price breaks this support level then the decrease will continue and the minimum price will be updated.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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.