LTCUSD - 50% Cyclical Short Trade? Capitulation?!
Watch for rejection at this level near the EMA50 and the bottom of the falling wedge pattern. We are bullish above $35 and bearish below $31. Below $26 we will have swan diving with recent dip buyers taken out the back and shot.
Previous successful LTC idea:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Previous successful LTC idea:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Commento:
Watch for reversal here as LTC contiunes to trade within our idea
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Commento:
Hanging above invalidation now and in the "no trade zone" … I'm watching for a reversal on the small timeframes to short this market
Commento:
Is this the local top? Breakdown?
Commento:
Is this the next local top!?
The weakness this market has suffered on the bigger timeframes led to some strong mean reversion. But this has also made trading this market difficult.
