LTC/USDT – 30M – SELL

Then a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 55.09466 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 55.71 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

55.44 – 55.71 – 56.03 – 54.84 – 55.05 – 55.13 —
55.410000000 – 55.760000000 —
61.796587273625 – 69.786816481779 —
– —
55.44 – 1777737600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –