2.Daily Support valid Resistance Broken
4.Profit margin 1:5
5.Daily Trend-line still validated
6.Breached lower (Bollinger-Band) which indicated strong area of support
7. The revised level is Lower on the curve increasing probability
8.Opposing zone breached (Strong Validation)
Please Note that I am an not an expert trader therefore I am not posting this as a buy or sell signal
It is my fist time experimenting with Bollinger Bands indicator and it looks like it may be a good time to buy with signs of a little move up soon after the massive correction. Litecoin seems to have found some support in this area. However I do not think there...
The weekly support has held price since the beginning of february and I believe it will continue. I have used BB Indicator to confirm my analysis. Also, a very bullish candle has formed and I am now waiting for price to breakout through the trendline and I will go LONG to 1.26624 daily resistance.