The Daily Show: LTC Break Out (D)
Updated
You know my favorite thing about big picture stuff; it is up or down.
To summarize this quickly; breakout. We still have a potential to break down or up with this triangle but since the prevailing trend was up I am leaning that we continue that way.
Is the bottom in? Beats me, somewhere above Zero.
What is the top? Beats me, somewhere above Zero.
Not advise, just my opinion.
To summarize this quickly; breakout. We still have a potential to break down or up with this triangle but since the prevailing trend was up I am leaning that we continue that way.
Is the bottom in? Beats me, somewhere above Zero.
What is the top? Beats me, somewhere above Zero.
Not advise, just my opinion.
Comment
Pay close attention to the 148-147 area on the daily. That is where the 55 EMA is and we could see a pull back to the 140-138. From what I have seen, however, it does not pull back to its full potential. So, play the dip at your own risk. I saw someone think we would pull all the way back to the upper 120's. When we hit 140-139. We did not even come close.
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.