LTCEUR Triangle Pattern, Good Entry Point 127.- EURStruktur Tradingviewpost
Depending on the possible trend swap in crypto, we can assume that it is time to go in and diversify our portfolio again.
We see bullish signals for LTCEUR on the daily chart:
-MACD positive
-RSI above 50 and not overbought yet
-DMI crossed and ADX line showing an accelerating/strong trend
-Awesome Oscillator crossed
Besides the technical indicators we see a triangle pattern. Price broke the down-trend-line yesterday which indicates a continuation of the uptrend of LTCEUR.
If we see the long awaited uptrend confirmed on BTCUSD – which is still the leading currency pair in cryptoworld – in the next few days, we should see a increase of price on LTCEUR of at least 30-40% to fibonacci level 50% (around 170.- EUR). This is also a next bigger resistance area.
I'm going long, entry at 127.- EUR (which is -5% from 132.- EUR on the hourly chart which is definitely possible and appropriate), target at 170.- EUR
Entry: 127.-
Target: 170.-
Stop-Loss: 115.-
Risk-Reward: 3.5
Good trading guys and do it responsibly – no trading with your student loans ;)
Best regards,
TimmiHendrix
