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BallsOfSteel32
Feb 21, 2021 5:19 PM

LTC Rising Narrowing Wedge to Test Supplied Zone Again Long

Litecoin / United States DollarCoinbase

Description

Posting this idea after the correction as a potential way this could play out. Neither of these trend lines are good at the moment, but curious to see if they get validated.

LTC rsi on the 4 hour is well nuetral and turned up. It had a small break below the marked channel, possibly invalidating it. I will leave it in chart.

Here, we are looking at a Narrowing Rising channel in LTC reproaching the supplied zone for a second time.

We are looking to break through the 237.65 area resistance and test our yearly high.

This is clearly not advice, this is for my enjoyment and reference as a hobby trader.
I am a novice with limited knowledge and experience. Understand this.

Dont be shy to critique!

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