LTC retrace pattern still playing out well
This trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of 114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end of this flag to break out into another bull run and flag. I would wait for a double bottom if we do drop to jump back in and confirm we have bottomed.
NOT TRADING ADVICE
NOT TRADING ADVICE
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.