LTCUSD THANKS AROON FOR THE NEXT BULLISH MOVE
Hi guys,
I really want to share with you a complementary analysis with my previous update "UPDATE - THE BRIGHT FUTURE FOR LITECOIN".
Aroon indicator could help us predict some trends to get better profits when you trade.
As you can see on the chart, when the AroonUp curve is red and AroonDown curve is green, we have a bullish move. On the contrary, you may understand, AroonUp green and AroonDown red indicates a bearish move.
Now you can see that our AroonUp is green and it seems to go down. Our AroonDown doesn't move yet.
Eventually we could hope Aroon curves to exchange their positions, to leave room for a BUY signal and a LTCUSD bullish move.
Sell now is a high risk for me, and hold is the better solution until we have new indicators to think differently !
If you agree, like, comment whatever you think about that analysis and follow to see my future analysis on LTCUSD ;)
My ideas aren't the absolute truth, so go take a look to other analysis and analyze by your own to take your own decisions !
Have a carefully trade ahead guys !
I really want to share with you a complementary analysis with my previous update "UPDATE - THE BRIGHT FUTURE FOR LITECOIN".
Aroon indicator could help us predict some trends to get better profits when you trade.
As you can see on the chart, when the AroonUp curve is red and AroonDown curve is green, we have a bullish move. On the contrary, you may understand, AroonUp green and AroonDown red indicates a bearish move.
Now you can see that our AroonUp is green and it seems to go down. Our AroonDown doesn't move yet.
Eventually we could hope Aroon curves to exchange their positions, to leave room for a BUY signal and a LTCUSD bullish move.
Sell now is a high risk for me, and hold is the better solution until we have new indicators to think differently !
If you agree, like, comment whatever you think about that analysis and follow to see my future analysis on LTCUSD ;)
My ideas aren't the absolute truth, so go take a look to other analysis and analyze by your own to take your own decisions !
Have a carefully trade ahead guys !
Go check my recent analysis for the LTCUSD short-term :