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
Since our last publication on Trading two weeks passed. All this time, the price was in the side corridor between the support of 44.00 USDT and the resistance of 50% Fibo (45.82 USDT). Since the beginning of December, sellers have reached support at 44.00 USDT and only occasionally have they been able to pierce this level and test the area of 43.70 USDT. Despite the fact that since the last weekend the pair is gradually decreasing, the price volatility is moderate and does not exceed 4% per day.
This morning, the pair again tried to recover from the support of 44.00 USDT, but so far it has not been possible to overcome the sentry EMA55.
Today's ForkNews forecasts talk aboutthe possibility of a breakthrough of the average price level and recovery of the pair in the area of 45.00 USDT. Even with this growth, with our deposit of 3 LTC, there is nothing to catch. The risk of decline from the level of hourly EMA55 exceeds potential income.
Thus, for the third week we have been waiting and observing a rollback to the area of the November low (42.04 USDT).