LTC/USD - Double Bottom Target Hit - Whats Next?
Updated
So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed.
I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't.
I hope you enjoyed the video... give me a like and leave a comment.
I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't.
I hope you enjoyed the video... give me a like and leave a comment.
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Seems like price action is playing out to my expectations mentioned in the video. I've added a red support line to the chart, which i think will act as support to prop price up and prevent a move tot he pink fib zone, i drew in the video. Time will tell whether price bounces from here or moves to the pink trend line and bounces.
i do think 1 of these levels will hold and will see price action move more north.
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