Potential Megaphone Formation: Ltc Bullish Momentum Continues
There is not a third touch on either the top or bottom trend line. I am looking to see if these lines will be validated over the next several candles.
This could be a possible megaphone formation.
LTC has corrected off another push at the 240 range. This idea more in depth in my previous post linked before.
RSI has fallen back well neutral around the 50 mark.
Potential buy set-up from 215 to 220.
Long to 244.90 - ????
Third times the charm? or triple top?
This is not advice. This is for my record and reference as a hobby trader.
Dont be shy to comment!
This could be a possible megaphone formation.
LTC has corrected off another push at the 240 range. This idea more in depth in my previous post linked before.
RSI has fallen back well neutral around the 50 mark.
Potential buy set-up from 215 to 220.
Long to 244.90 - ????
Third times the charm? or triple top?
This is not advice. This is for my record and reference as a hobby trader.
Dont be shy to comment!
Trade active:
Waiting for momentum to shift. Target reached as described in idea!
