October 19, 2020

How much can you earn on trading to a novice investor. Part 86. Trading (continued)

How much can you earn on trading to a novice investor. Part 86. Trading (continued)

We continue a series of publications on trading in order to understand in practice how much money can be earned. novice investor using only forecastspublished on our website. To understand how useful they are, we decided to conduct an experiment and simulate a situation in which a person who knows about trading only what you need to “buy cheaper and sell more expensive”, tries to get additional income in his spare time by investing part of his money in cryptocurrency trading

ForkNews predicts Litecoin price todaycan consolidate in consolidation on the line of the Control Point for a short period of time. Today we can expect some recovery of the pair to the area of ​​55.55 USD, however, further recovery will be limited to a four-hour EMA55.

How much can you earn on trading to a novice investor. Part 86. Trading (continued)

Soon the bears will be able to roll back the price to support54.00 USD. Last night and tonight, the pair already tested this level, presumably, it will not be able to keep the price from rolling back to the target level of the bears 61.8% Fibo (51.38 USD) for a long time.

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Despite this, do not count on a sharp bearish impulse to the target level. The pair may slowly fall into the support zone and become stuck in flat for around 52.00 USD for a long time.

Once we have already taken advantage of the support of this level and were able to earn on the "long-playing" recovery. Whether the second opportunity will be provided is still unclear.

While we decided to stay out of the market on this tool and more carefullylook closely at the dynamics of the pair in flat. When there are more optimistic forecasts for price recovery, we will be able to find a suitable entry point to a long position.

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