LTCUSD
appears to be forming a Double Top reversal pattern around $345, and buying power is decreasing, this might be the end of a great ride (for now), and a good sell signal Proposed Resistance Levels:
- Resistance 1: $320.00
- Resistance 2: $345.00
If it does complete the double top formation, and nothing unusual happens "news wise" that could give it an extra boost, my expectations for main support levels would be:
- Support 1: $240.00
- Support 2: $190.00
- Support 3: $160.00
I'd love your feedback on this, if you find this useful, please leave a comment and like :)
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Ordre annulé:
Price broke Resistance 1 & 2 @ ~$360.00
Idea's out of play
P.S: To all the "very kind" comments out here: I've stated previously that i'm still learning and fairly new at this, and there's no shame in trying to learn, we all got to start somewhere right?
Trading 101: if you're looking for other people's TA's as trading strategy, then you're in the wrong business. You gotta trade you're own strategy, make your own decisions, and take responsibility for your own actions.
With that said, every time i try to make an informed decision before placing a trade, i read other TA's, thoroughly explore the charts, and browse the market sentiment. And if things go the way i planned, i'd be grateful, if not, i don't go around throwing insults, i just learn from my mistakes and move on.
Anyway, Thanks everyone for the feedback, i did learn a lot!
Idea's out of play
P.S: To all the "very kind" comments out here: I've stated previously that i'm still learning and fairly new at this, and there's no shame in trying to learn, we all got to start somewhere right?
Trading 101: if you're looking for other people's TA's as trading strategy, then you're in the wrong business. You gotta trade you're own strategy, make your own decisions, and take responsibility for your own actions.
With that said, every time i try to make an informed decision before placing a trade, i read other TA's, thoroughly explore the charts, and browse the market sentiment. And if things go the way i planned, i'd be grateful, if not, i don't go around throwing insults, i just learn from my mistakes and move on.
Anyway, Thanks everyone for the feedback, i did learn a lot!
Commentaire:
Looks like trade worked out somewhat well, it hit many predicted levels and now consolidating