LTC has been moving inside an ascending channel for 7 months and now it’s testing the support.
On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode.Which direction?
Here is something to consider:
Death cross between 50 & 200 EMAs after a tremendous rally. If this is followed by breakdown of the support, that is a very good sell setup.
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good call, and i didn't see your post july 8. I check on LTC ideas almost 2 to three times a day and I just saw your idea. Almost a week later. I have a suspicion that tradeview hide ideas.