IOTUSD - 25% Cyclical Trade? Last Leg Down?Hey traders!
I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Cyclicaltrade
LTCUSD - 40% Cyclical Trade? Bear Contiunes?Hey traders!
I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. However, we need to be careful as we have a very strong support level (major 0.88 fibo) just below the breakout level.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK