Popoythegreat

Bearish Momentum with Series of Upward Rejection

Short
KRAKEN:LTCUSD   Litecoin
2
It seems upward momentum has been retested and rejected for many times. Consolidation will occur in a short term. watch 61.80 fibo level if this will hold. buy with initial target of 6.25. If this will not hold, i can pick up this between 3.75 to 4. Goodluck and happy trading!
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.