Litecoin is struggling to find support at the 23% fib as bitcoin cash takes Coinbase by storm. If support is found, I would expect price to move back up to the all time highs.
Tonight's chart is a little different in that I've removed the Bollinger Bands and added a 21 day Hull moving average. The Hull moving average works really well in volatile markets like crypto!
The signal to wait for is a cross of the closing price line over the moving average and the moving average then turning green. The odds of this signal being true is increased when it occurs at a support or resistance level.
I've labeled 3 signals on the chart that show great buy opportunities. I recommend you do this on your own charts and train yourself to look and wait for these signals!
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Tonight's chart is a little different in that I've removed the Bollinger Bands and added a 21 day Hull moving average. The Hull moving average works really well in volatile markets like crypto!
The signal to wait for is a cross of the closing price line over the moving average and the moving average then turning green. The odds of this signal being true is increased when it occurs at a support or resistance level.
I've labeled 3 signals on the chart that show great buy opportunities. I recommend you do this on your own charts and train yourself to look and wait for these signals!
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.