Bear Flag on the Uptrend Line is Trouble SHORT LTCBTC
Looking at price and the ADX line we can see the trend is compressed and ready to expand. As to which direction, it seems to be down, based on price action and RSI. Price has formed a bearish flag on support which generally means we are going down. Looking at RSI, we can see it has already broken its steep little uptrend. The stochastic is almost high enough to kick in a sell program and the DI-/DI+ doesn't really tell us much except there isn't much of a trend right now. I can't really gauge how big of a move this is going to be (.015 looks like a good initial target) but if the ADX starts expanding just make sure you are aligned with the trend. Good luck.
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