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Revised analysis for Bulls using Modified Schiff

Long
Litecoin (BITFINEX:LTCUSD)  
tradingmotives Mis à jour   
BITFINEX:LTCUSD   Litecoin
Support and Resistance Fibonacci Pitchforks
3
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supportandresistance fibonacci pitchfork
Revised location of blue zone support for Bulls using a modified Schiff
Transaction en cours:
Just hit blue zone. Now monitor reaction. If Bulls can hold support, then look for breach & close > red upper parallel. Trade setup invalid if price does not find support > 221
Transaction en cours:
Blue zone support holding for now. Monitoring breach > red Median Line Parallel
Commentaire:
Blue zone support held. Looking for new highs while upper parallel holds as support
Commentaire:
Note support in blue zone at the upper parallel held & buyers have stepped in above the upper parallel since. Overlapping price action though, so support on or above the median line parallel is important.
Trade fermée: ordre d’arrêt atteint:
Stopped out at 334. Deeper correction unfolding.
Commentaire:
Potential complex correction (eg triangle)
Clause de non-responsabilité

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