LTCBTC - Weekly - falling wedge - bullish sign for LTC vs BTC
Updated
Below are some keypoints to support a positive breakout from the falling wedge.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a good sign if the price rises past the 0.0082 levels my target would then be 0.0098 - 0.011.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a good sign if the price rises past the 0.0082 levels my target would then be 0.0098 - 0.011.
Trade closed: target reached
Traget reached
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