LITECOIN Harmonic Moves - Bat Pattern for Sell?!
Mis à jour
The LTCUSD price is reaching the structure high at 194.5 that acts as a resistance level. The recent few bars show that there is buying momentum and the price went little up and if it reaches the 88.6 fibo retracement then it completes the bat pattern. This will increases the probability of this trading setup to go short. The best approach here is to wait the market to make moves and once it is confirmed that the resistance rejected the price, then I will place the sell order.
T1 – 38.2%
T2 – 61.8%
T1 – 38.2%
T2 – 61.8%
Note
T1 hit and locked the profit.
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.