Long
15 Month Triangle about to break on LTCCNY

If/when LTCCNY breaks up out of this triangle at about 34 cny, I hope you will be long! (I've been long for a while) I have a target of ~74 cny, stoploss. Corresponds very closely to 1-1 triangle breakout, also old S/R level, and finally 1.618 fib retracement from last July's peak. It's looking very promising with daily RSI crossing into overbought territory which usually happens at the beginning of the really big LTCCNY moves.

Note
Well, finally LTCUSD has solidly broken the triangle, just waiting for CNY to follow whenever okcoin/huobi open BTC/LTC withdrawals again. tradingview.com/chart/w3QyhiLB/
Note
Didn't make it anywhere close to 40 CNY. Re-bought and holding. Still expecting at least 21$ in the coming weeks. Long term there could be potential for new ATHDisclaimer
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.