Exponential Moving Average (EMA)
LTCUSD Litecoin; Pin Bar; EMA 10; EMA 20For Litecoin LTCUSD Trade Idea, Enter Where The Open & Close Is Inside The EMA 10 EMA 20 Area. See Pin Bar At 7 May '21 23:00 as an example.
The Pin Bar Candlestick Price is: 345.86 Open 345.32 Close
When A Pin Bar Forms At Horizontal Support Resistance, Exponential Moving Average Period 10, Exponential Moving Average Period 20; Execute A Buy Order.
Jump on the Bitcoin train now, next stop may be higherHi everybody!
This time I want to focus on similarities to last two cycles and explain you, why i believe we already hit the bottom of this local cycle.
First compare this chart to the very same moment od the last, 2017 bullrun:
You will notice, that in both cases, after 4 consecutives ATHs we reached the top and then bottom with very similar pattern, having higher lows on the price chart and lower lows on RSI chart which is known as "bullish divergence". Both cycles were made within ~60 days and the price action first crossed 1D EMA 50 and then hit the bottom right after crossing 1D EMA 100.
In both cases growth to drop factor was/is ~2:1.
Tell me what you think and I'll publish my another idea with wider view, showing how similar these two bullruns are, what should we expect in the near future and where may it takes us :)
Hit the thumb button and follow me if you liked it!
FILEcoin long setuoMost alt coins have had a unprecedented bull run over the last 8 months (as many assests have). So caution always needs to be applied but we can see that the 50 ema has not been violated by any bar closures and we can see strong bullish action on the chart.
With a space between the entry and the next two targets