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frogwraps
Nov 25, 2017 7:16 AM

LONG TERM ASCENDING TRIANGLE FOLLOWED WITH A BREAKOUT  Long

Litecoin / United States DollarCoinbase

Description

Followed with a upward channel with support and resistance in the channel set clearly stay long as long as this pattern persists.

Comment

Breakout of the channel Top here indicates a new support trend line with the top of the channel now becoming support and the bottom of the channel becoming the resistance. Move your channels up to new position.
Comments
frogwraps
Breakout on top of the channel is in over bought territory Don't jump ion here wait for a pull back or keep riding the Long. Jump in at the channel bottoms unless a head and shoulder pattern shows up.
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