As you guys already know, I’m seriously thinking in buying more LTC and I’m still holding a long position since Apr 22, when we bought it for the first time. If you missed this trade, I’ll put the links about it bellow, and follow me to keep updated, here you’ll find daily analyses about cryptos and other assets I’m trading.
Technically I could’ve already bought more LTC today, but as I said in my previous analysis (also, link bellow) I’m waiting for an important sign in the hourly chart. Let’s look it again:
I’m waiting for a close above that black line. It’s an important price zone to surpass, and if the bulls manage to keep the price up will be an amazing sign. Although in the daily chart we see a bullish engulf, which was triggered today, I’m just waiting this sign here. Now, the weekly chart:
I’ll maintain what I said in my last analysis here. Yes, there’re two resistances here, the 21 ema and the fib retracement, but if the bulls keep going giving us good signs in the daily/hourly basis, it’s easy to imagine LTC near the 61.8 fib retracement.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Technically I could’ve already bought more LTC today, but as I said in my previous analysis (also, link bellow) I’m waiting for an important sign in the hourly chart. Let’s look it again:
I’m waiting for a close above that black line. It’s an important price zone to surpass, and if the bulls manage to keep the price up will be an amazing sign. Although in the daily chart we see a bullish engulf, which was triggered today, I’m just waiting this sign here. Now, the weekly chart:
I’ll maintain what I said in my last analysis here. Yes, there’re two resistances here, the 21 ema and the fib retracement, but if the bulls keep going giving us good signs in the daily/hourly basis, it’s easy to imagine LTC near the 61.8 fib retracement.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
