Bullish flag on LTC, Let's see what it does! Also supply zone ahead.
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Also a resistance zone, forgot to mention that!
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Ethereum analysis
Neo analysis
Bitcoin analysis
Neo analysis
Bitcoin analysis
Commento:
BTC, ETH and LTC all in process of making bullish flags! Identify the correlation patterns and use those discoveries for trading/investment ideas! :)
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LTC UPDATE!
Price found resistance and retraced back to the $62-63 area. Why was price rejected? There's a couple of confluence points:
- Previous Resistance zone.
- Bullish Flag completed.
- Price made it to the 1.618 extension and fell. (Popular Take Profit level!)
Make note that all of these points occur around the same zone which indicates a high probabily of rejection!
Price found resistance and retraced back to the $62-63 area. Why was price rejected? There's a couple of confluence points:
- Previous Resistance zone.
- Bullish Flag completed.
- Price made it to the 1.618 extension and fell. (Popular Take Profit level!)
Make note that all of these points occur around the same zone which indicates a high probabily of rejection!
