TrendFather

LTC local review

TrendFather 已更新   
BITFINEX:LTCUSD   萊特幣
In this review, I used two channels, which I have been using for the past month and which worked out very well. Also marked the levels near which will be the main movement. They will be either support or resistance and will serve the same now. Using this you can get a good profit.

Buyers bought the price to the upper limit of the ascending channel, but could not break it and pushed off. Basically I see two outcomes, one of which will work out.

Most likely, the price will go with slow steps to test 59.50. If she stayed and fixed above the level, she would go to the upper boundary of the channel. If the price cannot consolidate above the level of 59.50 and consolidate below, then there will probably be a several hour flat after a rollback to the lower border of channel 55.

An unlikely outcome of the events, but even so you need to remember about it. Lowering the price and breaking through the lower border of the ascending channel 52.5 and the upper border of the descending channel 53-52, and also the most important thing is breaking through the support level 52. Then the price can fall even lower somewhere to 49.5.
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