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niktraders
Jan 6, 2022 12:03 AM

channel breakout Short

Litecoin / EthereumBinance

Description

LTCETH moved in the parallel channel and now, the price breaks down the channel.
please note how the price fell rapidly and severely before the consolidation zone as a ascending channel.
So, we can see this parallel channel as a flag pattern and we expend further downside movement.
Comments
martintravis
yikes, faked out.
niktraders
@martintravis, yes bro, it was a fake break out
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