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AminHa4
Jun 18, 2020 4:55 PM

Hidden convergence is forming 

Litecoin / United States DollarCoinbase

Description

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
LitecoinGuy
target price if downtrend is activated?
AminHa4
@sun21140, enter your long
And set your SL on lower resistance
618 fib would be first target
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