Bullish Divergence with confirmed channel breakout
Aggiornato
Hi all,
LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line.
Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises.
I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line.
Comments and feedback are welcome!
Info on divergence: babypips.com/learn/forex/divergence-cheat-sheet
LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line.
Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises.
I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line.
Comments and feedback are welcome!
Info on divergence: babypips.com/learn/forex/divergence-cheat-sheet
Nota
Previous channel invalidated, but bullish divergence still in place. Gonna wait for breakout confirmation before going long.
Ordine annullato
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.