After yesterday's analysis to go short on BTCUSD which turned out to be success( yesterday's analysis www.tradingview.com/...-LOOKOUT-13-08-2019/) altcoins has continued to bounce back up.
On the 3hours time frame the price chart of LTCBTC, has been spotted forming a bullish reversal chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The horizontal resistance is the key level here as price is still holding below the resistance ans yet to breakout from it.
The height of the pattern is used to measure the take profit level. Targets to look out for are as follows: 0.008302sats down to 0.008702sats.
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
On the 3hours time frame the price chart of LTCBTC, has been spotted forming a bullish reversal chart pattern called THE ASCENDING TRIANGLE CHART PATTERN. The horizontal resistance is the key level here as price is still holding below the resistance ans yet to breakout from it.
The height of the pattern is used to measure the take profit level. Targets to look out for are as follows: 0.008302sats down to 0.008702sats.
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.