Bull Flag on Resistance Line Sure I'll Bite LONG LTCUSD
Updated
I've been bearish the last few weeks but the inability to go down has me rethinking things, at least in the short term. It looks like we have a bullish flag forming on the price resistance line which usually means we are going up. RSI has broke out of its downward channel and looks to be gaining ground. There is no discernible trend from the ADX indicator, but the DI+/- is giving a favorable set up and the stochastic looks good for a buy. I'm still leary of the markets, but I think it's not a bad time to test the waters now. Good luck.
Trade closed manually
Closed. Not having much luck so stepping aside for a while and just watching. GL
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.