DLavrov
Long

Litecoin Buy Opportunity

KRAKEN:LTCEUR   LTC / EUR
The price moves upward in the borders of an ascending price channel . When the price bounced from the trend line of the channel, we got a buy signal. RSI confirmed price reversal. Now we have to place pending orders for buy above the local swing high. If the market moves higher than 41.00, it will be a good confirmation of further upward movement. Stop orders must be placed below 34.50 level. Profit target should be at 50.00 resistance level .
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What do you think will be the support-level after reaching 50,00 EUR-resistance?
Reply
Why EUR?
+1 Reply
LisboaGrande janekkowalski
@janekkowalski, More euro's please :)
Reply
Good call so far
Reply
Hi D.
I see a daily resistance level at around 43, isn't safer to start trades if market goes above this one?
Thanks!
+2 Reply
tomm.giannessi23 tomm.giannessi23
@tomm.giannessi23, it's just a question...i'm still learning :)
+1 Reply
macris tomm.giannessi23
@tomm.giannessi23, we are all learning :) always, hopefully
+1 Reply
this will almost definitely be wrong :) his prediction on LTC always goes opposite
Reply
keroso90 CoreyJSmithUK
@CoreyJSmithUK, well it was right
Reply
Stop orders on kraken doesn't work even at market close. i strongly advice to stay away from kraken
+1 Reply
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