LTC: Support and Resistance

COINBASE:LTCUSD   Litecoin / Đô la Mỹ
Those of you who saw my chart yesterday know we correctly called the bottom AND the bounce back up. This was done with simple triangulation...two weeks ago. So it's not all about the fancy TA tools.

So where are we now? It looks like we aren't going to break out of our triangle yet, so expect some more ups and downs. These should resolve before November 4th, but whether it'll be in two days or two weeks I can't tell you. Once it does resolve expect a big movement in whichever direction it chooses to go. I'm personally bullish (we're above the middle line of the triangle, and in the lower part of the year long channel -- so there's plenty of room to grow), but it's more of a gut call at this point. Ichi cloud is bearish , so think about it and make your own call.

Support and Resistance:
$53.60 This is the bottom of our triangle. If we break out of it we risk a serious dip.
$55.40 Week long support (strong)
$57.50 Two day support (weak)
$59.00 First resistance point
$60.15 Second resistence point
$61.33 Top of the triange. If we break out of this -- and hold -- expect a large rally. This is the potential moon shot.

Personally? I'm long, so I'm just going to hold.
Day traders should look for the resistance points. If we bounce off of them there's an opportunity to sell and then buy a few bucks lower.

Stop loss should be around $52.

Thanks! Much appreciated
Phản hồi
Thank you! Especially for the details (s&r points) and description.
+1 Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất