My new bit of learning today has been that a falling triangle can be either bearish or bullish depending on the case. In this instance, I see LTC in reversal, ready to test overhead resistance after breaking out of this triangle.
I have shown the likely path ltc will take before it is squeezed to the upside.
RSI is neutral.
I am bullish on LTC and BTC long term.
This is clearly not advice. This is for my own practice and reference as a hobby trader.
Please dont be shy to critique.
I have shown the likely path ltc will take before it is squeezed to the upside.
RSI is neutral.
I am bullish on LTC and BTC long term.
This is clearly not advice. This is for my own practice and reference as a hobby trader.
Please dont be shy to critique.
Note
break to the upside testing local resistance
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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.