LTCUSD Crab Pattern $$

1 hour time frame LTCUSD             .

評論: Target 1 reached
評論: it's good to move your stop loss to profit or close half of it.
good trade but should you have some kind of take profit price here ?
MENA-FX faisal.nagi
@faisal.nagi, thank you ... First target reached anyway :)
In my opinion, I don't think it's a bearish crab pattern, values aren't what they should be.
RSI isn't as near to overbought anymore and also fundamentally, litepay will be released soon too.
Overall i'm still bullish on this coin.
That's just my opinion though.

MENA-FX XheklondoDedvukaj
@XheklondoDedvukaj, no problems i respect that.
However, i want to make sure you know it's going to resistance.
over bought in my opinion is what we saw today.

+1 回覆
@MENA-FX, It was overbought on the hourly chart, however at the time of writing, we're at the price where the breakout closed and the RSI (14) is lower than at the breakout showing bullish divergence I believe, also the fact that we consolidated sideways is good. However, I do agree we're approaching resistance, I hope that the worst case scenario is a tiny retracement before continued breakout but I think it's too soon to say for sure.
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