LTC has touched all time lows against BTC and bounced with conviction. Furthermore it broke out of a multiyear falling wedge pattern.
The exact same pattern has manifested before resulting in a very strong run.
The red boxes indicate target areas. The targets align with volume by price levels and fib retracement of the multiyear downtrend.
This is a very simple setup - no magic happening here, but that makes it more powerful, I think.
Let me now what you think in the comments
The exact same pattern has manifested before resulting in a very strong run.
The red boxes indicate target areas. The targets align with volume by price levels and fib retracement of the multiyear downtrend.
This is a very simple setup - no magic happening here, but that makes it more powerful, I think.
Let me now what you think in the comments
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.