LTC Bullish Pennant Formation
Bullish pennant is clearly seen on the daily chart. Bollinger Bands are extremely narrow, we expect huge movements when they are narrow like this. Stoch RSI is oversold, MACD is low and sell momentum is decreased.
These are all bullish signs and I expect the price to increase till we hit the first resistance line at 0.0194. If 0.0194 breaks we will easily reach to second resistance at 0.0213.
Here is my trading idea:
Long at: 0.0161
Take profit at: 0.0210
Stop loss: 0.140
These are all bullish signs and I expect the price to increase till we hit the first resistance line at 0.0194. If 0.0194 breaks we will easily reach to second resistance at 0.0213.
Here is my trading idea:
Long at: 0.0161
Take profit at: 0.0210
Stop loss: 0.140
Commentaire:
There was a typo at stop loss. It shall be: 0.0140