LTCUSD - Reached exactly my target! Next steps ahead?!
_______________________________________________________________________________________________________________________________________
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time!
However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead.
_______________________________________________________________________________________________________________________________________
Everybody who watched my SHORT analysis on LTCUSD should be happy now.
I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level.
Target will be the blue trend-line you see in my chart.
_______________________________________________________________________________________________________________________________________
Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence!
Great to see also this factor playing into the successful analysis and for an good LONG entry.
_______________________________________________________________________________________________________________________________________
Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
_______________________________________________________________________________________________________________________________________
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about LTCUSD.
As you can see in the chart it reached exactly my SHORT target at 97.602, there is also a second target at 83.270 which we will reach the next time!
However i think we will have a reversal to the upside from that point, first confirming the EMAs (50 and 100) and then go ahead.
_______________________________________________________________________________________________________________________________________
Everybody who watched my SHORT analysis on LTCUSD should be happy now.
I will cut off my SHORT and take profit at the second target (83.270), also i will open up a LONG position at that level.
Target will be the blue trend-line you see in my chart.
_______________________________________________________________________________________________________________________________________
Also we have an great signal confirming in the RSI, it is oversold and forming an bullish divergence!
Great to see also this factor playing into the successful analysis and for an good LONG entry.
_______________________________________________________________________________________________________________________________________
Okay hopefully you enjoyed this analysis, give some support and i will probably upload an LONG term analysis on LTCUSD! So see you soon!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
_______________________________________________________________________________________________________________________________________
Note
Also we have good support in this area formed in the wave count beforeTrade active
Note
We hit the 50 EMA and confirming supportNote
LTCUSD consolidating between psychological price level 100 and 97.5Note
We can get a correction to price level 92-93 before moving higherNote
Note
LTCUSD correction will be over soon, bounced off supportNote
Note
Consolidating in the rangeNote
LTCUSD touching resistance and trading in this area.Note
Note
LTCUSD is in a triangle formation with support between 83.5 - 87.8 Also it touched the 23.6 fibo level
Note
LTCUSD formed a bullish hammer on the 4-hour chart and trading above support I am expecting a break-out to the upside the next days
Note
Broke out of triangle with good momentumNote
Expecting a move to 120Note
Thanks for everybody who supports my work! You are the best!
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.