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TheNewsCrypto
12 מאי 2022 18:23

LTCUSDT : Descending Channel  לונג

Litecoin / TetherUSBinance

תיאור

Time Frame: Daily

Structure :
Descending Channel:
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.

Price Currently took support at Trend Line Support Zone

Moving Average: 150 MA :
In the daily time frame price is observed below 150MA, which indicates the short term trend is still on the bearish side

Expectation/Probability :
Price can reverse from the current support level till the 90$(Bullish) or Price Can Break the Channel Support then it may fall till 30$(Bearish)



הערה

Price reversed from Support Zone 56 to 68

הערה

Trading above Support Zone

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