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yarr
Nov 9, 2017 2:52 PM

Litecoin Ascending Triangle Long

Litecoin / DollarBitfinex

Description

The price shows upward movement. Confirmation for further upward movement we need to see break out from the Ascending Triangle.
Buy orders should be above the top line of the pattern. If the price breaks downwards we have to wait for another buy signal.

Trading information:
Buy: above 64
Partial profit: 70
Long term profit: 90
Stop-loss: 59

To play safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Be careful while trading!
Always be cautious of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!

Any questions or need help? Feel free to leave comments and feedback!

Yarr!

Trade active

Comment

Hidden bullish divergence spotted.

Trade closed: target reached

Comments
wattsmyname
Outstanding.
yarr
@wattsmyname, thanks and happy trading!
MohamedSaber
70
MohamedSaber
Do you now expect his arrival to
ConnorDavis
Are you concerned about being overbought on the 4hr at all? That was y only concern.
yarr
@ConnorDavis, hmm here you can see how the prices has moved before. I have pointed out
:)
yarr
@yarr, we can see small corrections of course but the important thing is to follow how the markets are acting. :)
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