LTC ready to go Long

Litecoin / TetherUSBinance

Description

⋅ Mar 1, 2021 3:39 PM

LTC printed a Bullish Pennant/Falling Wedge that could lead to a master pump.

That pennant took 2 weeks to form so it could 2 weeks to deploy.

We see the trend as turned bullish by looking at the decreasing volume/supply.

I'm entering the trade at the breakout (175)

Target 1 : 180
Target 2 : 210-213
Target 3 : 280-290

Stop Loss : 163

Comments

MoneyMakerTrade

⋅ Mar 1, 2021 6:23 PM

Nice view

Henry_Ross

⋅ Mar 1, 2021 4:38 PM

Good work

The_Father_of_Crypto

⋅ Mar 1, 2021 9:52 PM

@Henry_Ross tanx! Simple but effective

CharlesAbernathy

⋅ Mar 1, 2021 4:45 PM

You chose the pulse down on the 10th of Feb to anchor your lower trend line.
How did you come up with that?
Thanks

The_Father_of_Crypto

⋅ Mar 1, 2021 9:56 PM

@CharlesAbernathy the pattern lead me... not the contrary. Pattern trading is so powerful, its touches fibs, support/res, volume signatures, etc. The pulse down led to a solid wick (volume) that can be connected with the 2 other biggest volume wick down on the 23rd and 28th