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Jul 10, 2021 9:21 PM

LTCUSD Fibonacci Retracement Level Short

Litecoin / U. S. DollarKraken

Description

LTCUSD. Ideal entry is at the 0.382 Fibonacci Level. The Pin Bar close near that level. There was a gap that occurred on July 8, 2021 at 03:00. The gap represented horizontal support resistance level. Price closed in the area of the EMA 10 EMA 20. Price closed below diagonal trend level and retested that diagonal level as new resistance.

Confluence:
Diagonal Trend Line Level
Gap (Horizontal Support Resistance Line Level)
Fibonacci Retracement Level
EMA 10 Dynamic Support Resistance Level
EMA 20 Dynamic Support Resistance Level
Pin Bar at Lower High
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