LitecoinPanjang
LTC fractal - why would you be short?
LTC has been moving sideways since the end of March which reminds me of the sideways action from Aug-Nov in 2018 before the drop down. I think this time is different and LTC breaks upwards after this sideways movement ends at the end of the month/July.
Two main reasons why I think this time is different and we break upwards:
1) Overall trend is upwards after the free-fall at the beginning of March
2) Symmetrical triangles typically break out in the direction of the trend. Back in Aug-Nov 2018, the overall trend was down with a descending triangle, both of which indicate a drop.
Please note: I think we can go down to the $38 range but that's not a large enough drop to worry me. To be a bear right now has to be exhausting, only a matter of time before we see some upwards movement.
Thoughts/Comments?
TG
Two main reasons why I think this time is different and we break upwards:
1) Overall trend is upwards after the free-fall at the beginning of March
2) Symmetrical triangles typically break out in the direction of the trend. Back in Aug-Nov 2018, the overall trend was down with a descending triangle, both of which indicate a drop.
Please note: I think we can go down to the $38 range but that's not a large enough drop to worry me. To be a bear right now has to be exhausting, only a matter of time before we see some upwards movement.
Thoughts/Comments?
TG
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.