LTC observations:
Weekly chart:
-50% retrace
-Large bullish-pin-bar/inside-mother-bar 3 weeks back. Prices action squeezing down.
Daily chart:
-Price action has reverted to 8 & 21 day EMAs
-Mostly chop, pivoting from inside bar to inside bar.
Thoughts:
-The weekly looks good but I don't expect any signals worth taking on the daily until the price starts to move again.
Weekly chart:
-50% retrace
-Large bullish-pin-bar/inside-mother-bar 3 weeks back. Prices action squeezing down.
Daily chart:
-Price action has reverted to 8 & 21 day EMAs
-Mostly chop, pivoting from inside bar to inside bar.
Thoughts:
-The weekly looks good but I don't expect any signals worth taking on the daily until the price starts to move again.
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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.