LTC/BTC forming an ascending triangle pattern, could move higher

LTC/BTC is currently forming an ascending triangle bullish continuation pattern follow LTC/BTC's big move up on July 17th. Price is currently consolidated underneath a previous support zone that supported the price back in June, and it could look to rally higher here if we can get some momentum to the upside to break that flat line of resistance near 9570. Higher risk given the current market environment.

Entry: 9320-9420.

Target 1: 9750.
Target 2: 4-hour 200 MA.
Target 3: 11075.

SL: 9200.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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BTC: 3F13946JWfNskLDu2oi3FTRV65FV9yK7U8
ETH: 0xe032430f158966F4118af917b5F1e024949697bB
LTC: MVDbAhm2yoyCzeRnayMN61oZp75MZ5SZVj
USDC: 0x1F6d47a9330897d6043886d64738A2E255dd0b92

تعليق:

Also watching this green box, price may come back down toward 9050-9150 if we lose that rising support TL:

تعليق:

Beware of wicks, and if you're looking for a looser SL, below the 4-hour 50 MA In green there would make sense.

تعليق:

4-hour 50 MA to the money:

أغلقت الصفقة: تم الوصول لوقف الخسارة:

SL hit below the 4-hour 50 MA.