LTCUSD (Litecoin) - 3 months DESCENDING TRIANGLE

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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

Some Cryptos are going towards their targets after completing a Classical Chart Pattern (right side charts).
Other Cryptos seem attempting to do the same and Litecoin is one of these.
All the Crypto world is in this downside scenario so be aware that considering many opportunities at the same time is basically like multiplying the risk on the same trade.

• Pattern Class: 🌕🌕🌕🌕🌑
  
• Target area: 65.00
  
• Breakout area below: 89.00
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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