A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Kommentera
⋅
Bust through TP1 for a healthy 20% profit, since then we've retraced back up through SR levels. We should expect to see a small decline before consolidation within that blue zone next
@Waterboy980, Well... We hit TP1 perfect, the retracement upward wasn't expected but price is currently at a critical position and has potential for a rejection off trend back down once again!
SwallowPremium
⋅
We like you TA, it’s nice work mate! Thanks for publishing)