Hello traders i had quite a while to publish a trade on the cryptocurrencies after very two successful articles on long trades on Bitcoin(since 1,270$ dollars) and on Litecoin(since 11$) because i clearly believe that this market of course it has still great potential but it's already a buble(articles attached below).
Now as far as litecoin i can say that it has a more "comprehensive" behaviour as an financial asset that's why i am publishing this trade.
TECHNICAL OBSERVATIONS
1.We can see the ascending trend line that it has been respected quite a time now.
2.We can also notice the Stochastics that are in the oversold area ready for another rally.
3.We have a nice bounce form the 61,8% Fibonacci retracement of the last swing.
4.the 200EMA has a positive slope and long trades are favored as we are in a bull market.
5.We have a bullish cross-over from the conversion line with the base line of the Ichimoku cloud strategy.
6.We have a green bullish Ichimoku cloud as a suppport.
7.Price action with long wick under the candle suggests buying power.
POSSIBLE LONG TRADE
ENTRY PRICE AT 43.860$ LEVEL
STOP LOSS AT 40$ LEVEL
TARGET T1 AT 50$LEVEL
HAPPY TRADING!
KEEP FOLLOWING FOR MORE PROFITS!
Now as far as litecoin i can say that it has a more "comprehensive" behaviour as an financial asset that's why i am publishing this trade.
TECHNICAL OBSERVATIONS
1.We can see the ascending trend line that it has been respected quite a time now.
2.We can also notice the Stochastics that are in the oversold area ready for another rally.
3.We have a nice bounce form the 61,8% Fibonacci retracement of the last swing.
4.the 200EMA has a positive slope and long trades are favored as we are in a bull market.
5.We have a bullish cross-over from the conversion line with the base line of the Ichimoku cloud strategy.
6.We have a green bullish Ichimoku cloud as a suppport.
7.Price action with long wick under the candle suggests buying power.
POSSIBLE LONG TRADE
ENTRY PRICE AT 43.860$ LEVEL
STOP LOSS AT 40$ LEVEL
TARGET T1 AT 50$LEVEL
HAPPY TRADING!
KEEP FOLLOWING FOR MORE PROFITS!
Comment:
Happy profits on those who listened...Maybe I was too pessimistic for 50$ lol..Keep following for more profits!!
