AminHa4

Hidden convergence is forming

COINBASE:LTCUSD   Litecoin / U.S. Dollar
We have a big rectangle channel and range here, but as you can see we have hidden convergence in rsi , cmf gonna show us the SL and up trend is coming.
In my idea up trend should start after touche 41 and if btc break the 618 of fib(45) we can see a touch on 1(47).
Keep your eyes open, if it lost to confirm 41 as bottom it means down trend is activated ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Comment: Well it seems my idea is coming true here...
Wait for 41 and the reaction of rsi, below 41 means bearish.
Good luck guys
Trade closed manually: 41 didn't touched.

Comments

target price if downtrend is activated?
Reply
AminHa4 LitecoinGuy
@LitecoinGuy, enter your long
And set your SL on lower resistance
618 fib would be first target
Reply
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