Signals for an 'Ascending Triangle'
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
Nota
Flagging before breaking out again.I strongly feel the mentality has already shifted for altcoins.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.