LTC: Pendant on the 1h

Pendant / equilateral triangle forming. Still no real indication which way it'll break. Definitely something to keep an eye on for anyone doing day trading. Long term traders shouldn't sweat it as 1h chart doesn't mean a ton long term.

Note

EDIT: After looking at the 1d SMA/EMA/WMA I'm getting more worried. Could be a false sign but it's definitely looking like it's starting to lose steam.

Note

Got a bounce at the top of the triangle. Still range bound.

Note

We've broken out of the pendant! 1d EMA is starting to recover too instead of flat lining.

If we break and hold about about 73.30 I'm going to buy back in.

justsomeguy

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