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MarcsPal
Jul 30, 2019 8:13 PM

LITECOIN | It gets tight! Ready for a massive move? 

Litecoin / United States DollarCoinbase

Description

The technicals are telling me to go short, the fundamentals (LTC Halving) are telling me to go long. So... Pick your poison.
If you are conservative then you would want to wait and see where price is going. We have a strong rejection of the down-trending trendline and if this move continues, consider a short. But if the price breaks and closes above the red trendline then consider going long.
Profit targets are Weekly M1 for Short or Weekly M4 for Long.

Comment

First Target Hit! Now is perfect time for a second Buy

Comment

Double Top at R1, Take Profit
Comments
nagihatoum
massive to the upside broke-out of the descending trendline
MarcsPal
@nagihatoum, Yes indeed, it gets interesting now in the next few minutes. Looking for price action and candlestick patterns
DrCheema
Short for now... Ultimately long.
MarcsPal
@DrCheema, Sounds like a good plan to me
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