A Face Full Of Tea LTCUSD LTC 600%
Price action within patterns and patterns within patterns. What is going on?
The market sentiment is 'confusion'. We are in a bull market. The majority of patterns seen in the cryptocurrency markets are extremely bullish.
Patterns are not ever neat and tidy. And are completed subjective. A declining Cup & Handle on the daily chart is amongst many other patterns with supporting price action presented.
LTCUSD - A huge daily bullish pennant giving us a potential profit target of x4. On the 4hr a bullish H&S pattern giving us a potential target of $150, up from the current $119 at this time.
However this brings us to resistance, we need to see a break and retest of this price zone. Failure of the H&S will see us revisit $100. Why trade the noise?
Confused? Short term buy, price drop, panic, sell = empty wallet.
I see a short term 80% profit potential and a longer term 600% gain.
HODL ON
*USE BTC AS INDEX OR SENTIMENT INDICATOR
The market sentiment is 'confusion'. We are in a bull market. The majority of patterns seen in the cryptocurrency markets are extremely bullish.
Patterns are not ever neat and tidy. And are completed subjective. A declining Cup & Handle on the daily chart is amongst many other patterns with supporting price action presented.
LTCUSD - A huge daily bullish pennant giving us a potential profit target of x4. On the 4hr a bullish H&S pattern giving us a potential target of $150, up from the current $119 at this time.
However this brings us to resistance, we need to see a break and retest of this price zone. Failure of the H&S will see us revisit $100. Why trade the noise?
Confused? Short term buy, price drop, panic, sell = empty wallet.
I see a short term 80% profit potential and a longer term 600% gain.
HODL ON
*USE BTC AS INDEX OR SENTIMENT INDICATOR
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.