Bearish sentiment on LTC - Quick bounce before continue
Today we wake up with a leg down on the market, if you can see we bounce back from the Fibonacci level 0.5, we might look to bounce until the zone 110-114 before continue the leg down.
We have test the Golden Pocket 3 times during this range and we might go for the third and last time before the bull run start this year.
I will be entering the market any level below the 0.5 level and continue layered for a better DCA.
See you soon at $170
We have test the Golden Pocket 3 times during this range and we might go for the third and last time before the bull run start this year.
I will be entering the market any level below the 0.5 level and continue layered for a better DCA.
See you soon at $170
Trade active
We bounce from EMA 50 to the resistance of $114 which is a key level that previously was an ATH and now have became a good support/resistance level.
If daily candle close below that level we can continue to a lower level of EMA 100 at around $101.54
Remember today is an important day as there is a FOMC meeting.
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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.