Long

LTCBTC Possible Cup and Handle Forming

Updated

Originally noticed on the weekly chart. Looks like we might have a very long term cup and handle forming on the LTCBTC Daily chart. Watch for a rebound above the 50% mark from the top of the cup. Pattern is invalidated if .0116 level does not hold.

Note

Well here we are. We are approaching the 100ma looking like we might have a nice bounce. The level we are looking for is 0.0126. If this holds and we see a bounce we may get a run from this C&H. This last candle may form a doji as well which adds to my conviction.

However, the markets have been crazy this past week so I could totally see this thing failing.

Note

So the "handle" of this pattern fell below 50% of the height of the cup. That invalidates this setup. Thanks for following my idea!

thatdonfc

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