LTC/USD ANALYSIS:
LTC was trending inside of an upward channel before breaking down. Upon that break, LTC re-attempted the channel and was rejected. I expect a further dip before the next wave up. The 100MA is currently holding, but should break down and follow through to T1 at 37.70. Following that is T2 at 36.40 and T3 at 35.55. The green box represents a temporary support, and a double bottom should this hold. If this also breaks down the next line of major support is further below at ~29.00.
Possible Short Entries: 39.40-40.60
LTC was trending inside of an upward channel before breaking down. Upon that break, LTC re-attempted the channel and was rejected. I expect a further dip before the next wave up. The 100MA is currently holding, but should break down and follow through to T1 at 37.70. Following that is T2 at 36.40 and T3 at 35.55. The green box represents a temporary support, and a double bottom should this hold. If this also breaks down the next line of major support is further below at ~29.00.
Possible Short Entries: 39.40-40.60
Trade closed: target reached:
WIN!
ADA/USD short reached my entry zone exactly as predicted, and then hit Target 1!
+7.14% Profit!
ADA/USD short reached my entry zone exactly as predicted, and then hit Target 1!
+7.14% Profit!