LTCUSD before rising 31%. The colored rectangles in the analysis show the fractal sequences of the exchange rate movement. The red rectangles represent the correction sequences and the green rectangles the ascending sequences. The thin light green rectangle shows the maximum ATR distances that can be measured during ascent. The following conclusion can be drawn from the analysis. The exchange rate moves in a rising sequence. The ATR distance needed for the ascent has increased (second thin green rectangle) This means that when the ascent sequence repeats, such an amplitude can be expected. So the target price can be 56.72 usd.
very good sir, do you think it has reached roughly now? i have just sold it, thankyou very much :)
meszaros
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@tonyyunz, Thank you for your inquiry. Near the target price, you should use a so-called "close to target price stop tracking" according to your trading strategy. This can be, for example, Trailing stop, 50-50% strategy, ATR tracking on a lower timeline, or getting some profit. All of these may be suitable for you to stay in the trade when the exchange rate crosses the target price and a higher target price becomes available.
Captain_Walker
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Nice one. 👍🖖 The 'theory of curves' also suggests greater probability for the north, in the longer term (not a prediction).
meszaros
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@Captain_Walker, Thank you very much. Over the weekend I was expecting a major technical shift north. For the time being, he was behind. But the day is long.