Nothing too sophisticated here, but noticing very promising levels to go long on litecoin.
- Price level around 0.0070 is typically favourable (buy zone)
- Nice consolidation (look at shorter time periods)
- RSI in the oversold region
- MACD looking like its about to curve back up
RR Ratio (no matter how you plot it), seems very favourable
You determine your own SL or max risk
Note that we are indeed printing lower lows and lower highs in the past year.
Target exit can be just shy of the overhead line of resistance.
- Price level around 0.0070 is typically favourable (buy zone)
- Nice consolidation (look at shorter time periods)
- RSI in the oversold region
- MACD looking like its about to curve back up
RR Ratio (no matter how you plot it), seems very favourable
You determine your own SL or max risk
Note that we are indeed printing lower lows and lower highs in the past year.
Target exit can be just shy of the overhead line of resistance.