#44 - I repeat, this is not a drill
What is up everyone? Hope you guys are doing good!
Short but insightful chart today and it is no other than Litecoin The HVF appears to be complete and currently, we are awaiting for the breakout:
You heard it here first, Litecoin to trade at 290$ with a Risk:Reward of 7.71. The 3L level of the HVF is potentially established which puts the entry at above 224$ with a stop loss at 213$.
In case you don't know what a HVF is, check out the post where I go over the basis of HVF Theory and what characteristics of price behavior I am looking for on a chart:
https://steemit.com/trading/@beindependentbb/19-what-is-the-hunt-volatility-funnel-hvf
(in case you are going to take this trade don't forget to place your stop loss in case this is a premeditated call!)
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Good insight. I am still learning and appreciate your posts as it will help me understand a lot quicker.
Hey! Check out my website where you can find a section for people just starting out on their trading journey. Unfortunately it is not complete but get in touch with me if you have any questions
Will do. Thanks so much.