two03god

Litecoin equilibrium pattern

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin is in a large equilibrium patter, we can anticipate a bounce here with targets at 181, and 190. Litepal (not litepay) is set to launch april 1st which could boost this bounce.
Mar 28
Comment: Watch for bull wick
Mar 29
Comment: Please see my new litecoin outlook, trade still active if bulls can close above trend line.
Mar 29
Comment:
Mar 29
Trade closed manually: Bulls have failed to close on daily above trendline
Is there any reason you don't have your top trend line at the ath and steeper down? Fits better that way IMO
Reply
@TTN-, Each point lands on a pivot point. Valid trends lines require 1 anchor point and a minimum of 2 touches. Some can argue to only use the bodies of a candle, but on higher time frames in this sector i have found using wicks is also valid. Hope that helps, good luck!
+1 Reply
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