solargod

LTC USD descending triangle...........short away!

Short
POLONIEX:LTCUSD   Litecoin
LTCUSD
Descending triangle which is an indicator of downward pressure. Current price is $164.......overhead resistance 177. How many times have you had a great setup that you didnt take because you missed your entry by 1, 2 maybe 3 percent? This is an excellent risk/reward scenario with initial downside target of 105 which is solid underlying support. If the pattern truely holds to form, we should drop like a knife with second target of 71.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.