LTCBTC - Possible Entries
The 0.618 Fibonacci retracement was acting as a strong support until it was broken, and it recently acted as a ceiling for price (thus flipped resistance).
LTCBTC recently tested this level and was unsuccessful (having been shorted at said Fib level which also converged with the 50 EMA) - denoted by the green box.
3 possible entries (all shown by the light blue lines and boxes):
1. The breakout once/if it happens.
2. The horizontal line which is the 4H Kijun Sen on the Ichimoku Cloud, and also used as support by price fairly recently.
3. The lower 0.786 Fib level.
LTCBTC recently tested this level and was unsuccessful (having been shorted at said Fib level which also converged with the 50 EMA) - denoted by the green box.
3 possible entries (all shown by the light blue lines and boxes):
1. The breakout once/if it happens.
2. The horizontal line which is the 4H Kijun Sen on the Ichimoku Cloud, and also used as support by price fairly recently.
3. The lower 0.786 Fib level.
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