LTCBTC ready to run
Updated
After trading in the top of the pitchfork channel and consolidating on the upper boundary, it has broken to the top, formed a cup and handle, and is ready to test the resistance at 0.01, possibly the fib 1.618 at .0106.
If you look at the last major rally, there is a serious increase in volume on the uptrend, and on the handle, the volume spikes to the buyers again.
If you look at the last major rally, there is a serious increase in volume on the uptrend, and on the handle, the volume spikes to the buyers again.
Trade closed: target reached
Not quite 0.0106, but we bounced off the 200 MA @ 0.010505.0.0086 -> 0.010505 = 23.6% return
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.