I feel like POE is going to maintain the price consolidation for a few days longer before breaking out and continuing up.
If it breaks the channel at about $167 then the trend resistance at about $170, the only real resistance is the top out at $178 (30m chart) or $180 (5m chart). I think that LTC is in for another run up well over $200 Im new to TA and trading, if im completely wrong, please let me know. Happy Trading =)
I'm new to TA, so please correct me if I'm wrong I see a fair amount of resistance @ $134.75 and a bearish flag formed. I think LTC will drop to the support @ $124 and if it breaks through might go all the way to the next support band $114.75 - $118-75. Happy Trading =)
First time tying to publish an idea. I think that based on the fibonacci fan with the recent downward trend of highs that a triangle is formed and LTC will move up near the recent band of resistance as noted. Please comment if I'm completely off base or am reading everything wrong. Happy trading =)