Signals for an 'Ascending Triangle'
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price + height of triangle)
It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite.
Please criticize my TA's so I can improve. See you in the next chart :).
Note
Flagging before breaking out again.I strongly feel the mentality has already shifted for altcoins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.