To get further confirmations the price has to meet our conditions by breaking downtrend line and resistance line and if it breaks above these levels it's giving us signal to enter the markets. Buy orders should be above the downtrend line at 100 level. Stop-loss need to set 88 level.
In other scenario if the price does not break above these levels we should wait for another buy opportunity and cancel our orders. This is a longer term trade so it requires patience. Also if the price starts falling, stop-loss helps us to recover some of the money and giving a chance to buy cheaper.
Buy: Above 100
Partial Profit Target: 112
Main Profit target: 119
Stop-loss: 88 (near )
Things to remember:
- To trade safely I recommend using stop-loss function in case something goes wrong.
- It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
- Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
- You are responsible for your trades and it's important to do your own research before investing!
Any questions or need help? Feel free to leave comments and feedback!
Next target will be at 2.0 fib extension which is 153 level.
Partial profit target is around 135 level. Main profit around 150 level.
All targets reached. Congratulations to everyone who took this trade :)
Update on LTCUSD:
Litecoinc recently breached top line of the flag pattern + seems like another bull run is coming. Breaches our resistance we should be able to see close to 180 and 200 levels.
In my twitter I gave these targets who ever sent dm and requested them. Congratulations once again who took this trade! :)
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