The ascending triangle is a bullish chart pattern that mainly forms during an uptrend as a continuation pattern. If the price breaks the resistance level and moves above the top line of this pattern, we'll get a new buy signal. Entry level should be at 330.00 with stop orders at 280.00 level. Profit targets are 400.00 and 450.00 levels. If the price drops below the triangle, we should expect further downward movement to the possible support zone formed by SM50 and 260.00 support level. This zone will be good for buying based on a confirmed reversal signal. The market looks overbought. Using small trade volume and stop orders is strongly recommended.
can someone give me an invitation code for bitfinex please?
fernx
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You are on target almost all of the time. Thank you Sir. Much respect to you Sir.
DLavrov
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@fernx, I also have trades closed by stop orders. It does not matter because it's a part of trading. Thanks for your interest to my work!
DudeKubera
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@DLavrov, i just want to use this space to express my appreciation for your generosity sharing your trading ideas! Thank you!
maxermaxer
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Hi Dlavrov, thank you for your analysis! I Have been following your analysis for a long time. I always see that you mention “Using small trade volume and stop orders is strongly recommended.”. Do you have a recommendation on how to set the trade volume? What is the optimal % of the whole trading money we have? On the other hand, when setting stop loss should we just sell some of the total holding instead of selling them all? Your guidance is appreciated!
greekgod77
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HI can I ask (very new here) if this is essentially telling us to buy LTC? Not a specific combination of LTC?
If i read it correctly its telling us to but LTC around the 330 USD mark? and sell at 400-450?
RupertErits
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@greekgod77, exactly,
Trading Signal for Litecoin (LTCUSDT):
Buy: 330.00
Stop-Loss: 280.00
Take-Profit: 400.00 / 450.00
greekgod77
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@RupertErits, Thank you, sorry I am very new so I dont know exactly.
So it doesnt matter if its USD or USDT or AUD for that matter?
geronco
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@greekgod77, Technically he's not telling us to buy or sell anything, he's just sharing what he thinks will happen to this coin, but yes you're right on the numbers :) Good luck
greekgod77
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@geronco, sorry my bad, I mean 'advising' us not 'telling' us :) Also it was mentioned small trade volume- is there s figure to this volume? like only buy 2-3 LTC etc?