Litecoin has been making these sort of Flat/Triangle-ish patterns that are followed by a big jump. Then a retracement back to the 0.618 of the jump, followed by a repeat of the same pattern. It looks like the most recent pattern is complete and ready to make another big jump. Enter now to try and catch the jump, set stop below 0.5 ratio and lower boundary trend line.
For a second trade or better Risk:Reward ratio, wait for confirmation of the pattern repeating again and enter at or just above the C point to catch the next big jump.
For a second trade or better Risk:Reward ratio, wait for confirmation of the pattern repeating again and enter at or just above the C point to catch the next big jump.
Comentário:
The more I look at it, the less likely it seems to me that it will repeat again. Another interpretation:
Trade fechado: objetivo atingido:
Took longer than I expected to take off, but it did eventually.