Hey tradingview community, LTC / USD has entered a short term bearish tedance with a large sell volume executed.
Two proposition to consider the first is a test of long term AD followed by a rebound on the current support zone.
In order to once again test the horizontal resistance zone and the trend line which acts as resistance or go towards the last support
and go directly to the rupture zone.
For my part I opt rather on this one.
Strong re-entry potential now on MA pull back or long term MA breakout and reverse pull back on this for an exercise price adjustment.
We will see the real confirmation of the future market outlook.
Next validation of volume feedback before the resistance test.
These are not investment advice but recommendations for good practice.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your ideas in the dedicated space in the description.
Please like and follow, thank you.
Two proposition to consider the first is a test of long term AD followed by a rebound on the current support zone.
In order to once again test the horizontal resistance zone and the trend line which acts as resistance or go towards the last support
and go directly to the rupture zone.
For my part I opt rather on this one.
Strong re-entry potential now on MA pull back or long term MA breakout and reverse pull back on this for an exercise price adjustment.
We will see the real confirmation of the future market outlook.
Next validation of volume feedback before the resistance test.
These are not investment advice but recommendations for good practice.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your ideas in the dedicated space in the description.
Please like and follow, thank you.