There is a trading opportunity to buy in LTCBNBTechnical analysis:
. LITECOIN/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (5.27 to 4.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5.27)
Ending of entry zone (4.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 5.96
TP2= @ 6.50
TP3= @ 7.40
TP4= @ 8.30
TP5= @ 9.15
TP6= @ 11.90
TP7= @ 14.15
TP8= @ 16.40
TP9= @ 19.60
TP10= @ 23.65
TP11= Free
