How much can you earn on trading to a novice investor. Part 92. Trading (continued)

We continue the series of publications about trading in order to understand in practice how much you can earnnovice 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

From the date of our last publication toTradingtwo weeks passed.All this time, the price was in a sideways corridor between support 44.00 USDT and resistance 50% fib (45.82 USDT). Since the beginning of December, sellers reached support at 44.00 USDT and only occasionally managed to break through this level and test the 43.70 USDT area. Despite the fact that the pair has been gradually decreasing since last weekend, price volatility is moderate and does not exceed 4% per day. 

 

This morning the pair again tried to recover from the support at 44.00 USDT, but it has not yet been able to overcome the hourly EMA55. 

Today's ForkNews forecasts talk aboutpossibility of breaking through the average price level and restoring the pair to the area of ​​45.00 USDT. Even with such growth, with our deposit of 3 LTC, there is nothing to catch. The downside risk from the hourly EMA55 level exceeds the potential return. 

Thus, for the third week we have been waiting and observing a rollback to the area of ​​the November low (42.04 USDT).