LTC Symmetrical Triangle Measured Move Plays
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Not financial advice all moves measured based on previous support and resistance. Good luck tradinggggg feel free to leave any comments.
Nota
Look for bull break of triangle to test previous resistance at $183.27 Look for bear break of triangle to test previous support levels at $163.77
If no support found at $163.77 I am looking to add at $152-155 in the golden ratio fibonacci level from bull run up from $107
All moves are measured moves based on previous supports and resistances. LTC has consistently repeated this over and over again. Price swings of around $11.
The golden pocket level at $152-155 was achieved by measuring the flagpole of the ascending triangle from the drop of $209 to $158. If bears remain in control and no support found at $163 by bulls then I expect price drops to the golden pocket.
Penafian
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