Hello Guys, Here is another TA for LTCUSD.
This time i used TD Sequential indicator which indicates us as to where to buy and where to sell.
In the above Chart, a series of nine candles where each close higher/lower than its 4th predecessor candle’s close value. we can see the previous trend finished at candle # 9 and it appears that the new trend starts from here. When do we need to exit of the trade? well, We need to be vigilant and i believe it can go to 125 to 135 or more.
Buy signal:
When we see 9 consecutive closes “lower” than the close 4 bars prior.
An ideal buy is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9.
Sell Signal:
When we see 9 consecutive closes “higher” than the close 4 candles prior.
An ideal sell is when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9.
Oversold
RSI 30
Pleaser let me know if you have have any questions.
This time i used TD Sequential indicator which indicates us as to where to buy and where to sell.
In the above Chart, a series of nine candles where each close higher/lower than its 4th predecessor candle’s close value. we can see the previous trend finished at candle # 9 and it appears that the new trend starts from here. When do we need to exit of the trade? well, We need to be vigilant and i believe it can go to 125 to 135 or more.
Buy signal:
When we see 9 consecutive closes “lower” than the close 4 bars prior.
An ideal buy is when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9.
Sell Signal:
When we see 9 consecutive closes “higher” than the close 4 candles prior.
An ideal sell is when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9.
Oversold
RSI 30
Pleaser let me know if you have have any questions.
Comment:
This is only 30 min chart.
This is now not looking good and we might see it at 100. will keep you updated guys.