Updated

LTC Decisive Point

Watch for a breakout from converging trend lines

Note

price in long zone

Note

price at local trend resistance. Wait for clear breakout signals

Note

broke through resistance on volume. I'd expect a pullback to test new support levels, then a nice bull run

Note

pullback testing new support on previous local trend line. I expect a continual slide down to longterm support. 4-hour Ichimoku is bearish; 1-hour is bullish

s3.amazonaws.com/tradingview/snapshots/1/1TZKmvuO.png

Note

local trend support failed but long term support held. Strong bounce on high volume. Ichimoku cloud is resistance.
s3.amazonaws.com/tradingview/snapshots/2/2Bw4j46Y.png

Trade active

@40.5

Note

broke through 0.786 fib level

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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.