Huge divergence on the 
LTCUSD daily timeframe as we test a critical resistance level and as we zoom into the 4-hour we can see an ascending triangle has now started to form and we're seeing a lot of bearish divergence, indicating a strong possibility of a sharp sell-off. This may be an opportunity for a buy-back at 125.
I'd be interested to know the sentiment of all viewers so please drop your comments below.
LTCUSD daily timeframe as we test a critical resistance level and as we zoom into the 4-hour we can see an ascending triangle has now started to form and we're seeing a lot of bearish divergence, indicating a strong possibility of a sharp sell-off. This may be an opportunity for a buy-back at 125.I'd be interested to know the sentiment of all viewers so please drop your comments below.
Note
Over the weekend we peaked at around 146 and this peak aligned perfectly with the descending resistance we've seen on the MACD divergence, following by a sharp sell-off back below 140 as expected. P.S. Ignore the yellow arrow, it is not relevant to this setup.
Trade closed: target reached
125.00 reached.Note
Since 125.00 was breached, I am fully expecting this to test the $100 psychological even-number support level.
Website: ajazelahi.com/
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Website: ajazelahi.com/
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.