TradingView
Crypt6n
May 28, 2018 11:54 PM

LTC/USD Long setup forming with triple bottom Long

Litecoin / DollarBitfinex

Description

Good possible long setup here. Price is reaching the bottom of wedge that is getting really tight + were at the large triangle support giving it confluence and at the same time it's forming an triple bottom. Also RSI and CMF are showing bullish divergencies. If we break down below $106 then things can get ugly. Can expect some stops trapped in these levels though. First target will be in $140 - $150 range where the horizontal and triangle supports are.
Comments
YouHaveNieds
Great analysis! I am waiting for bitcoin to reach $6900 before going long on any alt coins.
More