Continuation of previous idea (still in Rising French Channel)
This is merely a little look back. Litecoin is still holding strong and abiding the rising french channel. Small adjustments might have been made to the lines though that's irrelevant.
Keypoints:
— Perhaps litecoin is looking towards a pullback short term before preparing long term bull run.
— As before crossing 200MA, pullback, declining volume before bull run. This might be the beginning of phase 2, who knows.
—ADX trend not confirmed, below 25, or strong but leans towards D+ positive.
— Long term still bullish.
Keypoints:
— Perhaps litecoin is looking towards a pullback short term before preparing long term bull run.
— As before crossing 200MA, pullback, declining volume before bull run. This might be the beginning of phase 2, who knows.
—ADX trend not confirmed, below 25, or strong but leans towards D+ positive.
— Long term still bullish.
Related publications
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.