LTC Trading idea
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Price is moving in a descending channel. The price is likely to drop to a strong support level of $ 25.70. Above this level, the Double Bottom Pattern will be built and the price will be reversed. Then you can open a long position in the buy zone.
But if the price breaks this support level then the decrease will continue and the minimum price will be updated.
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Also, don't forget to visit our profile.
Price is moving in a descending channel. The price is likely to drop to a strong support level of $ 25.70. Above this level, the Double Bottom Pattern will be built and the price will be reversed. Then you can open a long position in the buy zone.
But if the price breaks this support level then the decrease will continue and the minimum price will be updated.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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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.