Overview
Currently looking if the scenario as shown will develop in which case i would take a long position.
I want to see price moving above the upper resistance (upper blue line), either staying above it generating in LTF (Lower-Time-Frames) some bullish signs or if price should break down and then reclaim the Resistance area again - where i would take my long.
Target is based on the 61% Fib and a former Demand area.
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
Currently looking if the scenario as shown will develop in which case i would take a long position.
I want to see price moving above the upper resistance (upper blue line), either staying above it generating in LTF (Lower-Time-Frames) some bullish signs or if price should break down and then reclaim the Resistance area again - where i would take my long.
Target is based on the 61% Fib and a former Demand area.
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se