I drew that black line quite a while ago under the MACD, and it has been followed quite a while now. Since price is in short term downtrend (purple line), I think there is cause to believe trend is still upwards, and when we break out of this pattern under purple line then breakout will be significant. Missing volume, but expecting it to come soon (next few hours perhaps, or sooner). Careful with your trades, as it could break with bearish volume.
Leave a comment below. I would love to hear your thoughts and constructive critiques of my TA. I'm still learning, so that should be a disclaimer enough to know that this aint fin. advice for you do trades with. Peace out.
Leave a comment below. I would love to hear your thoughts and constructive critiques of my TA. I'm still learning, so that should be a disclaimer enough to know that this aint fin. advice for you do trades with. Peace out.
Comment:
Yup... LTC trading sideways as crud. *checks watch..... still waiting.