LTCUSD - TIME TO BREAK THiS TRIANGLE IN ANY DiRECTION
::15 DAYS OF ACCUMULATION
:: LTC IS AN OUTSIDER THAT SHOULD'VE SHOW MUCH MORE GAINS EARLIER
:: $45-47 IS A CONFIRMED SUPPORT ZONE
:: I EXPECT AN EXPLOSIVE MOVE OUT OF THIS TRIANGLE
:: IT MIGHT GO DOWN, BUT I PREFER TO GO LONG AS SOON AS IT BREAKS $49 LEVEL
:: LTC IS AN OUTSIDER THAT SHOULD'VE SHOW MUCH MORE GAINS EARLIER
:: $45-47 IS A CONFIRMED SUPPORT ZONE
:: I EXPECT AN EXPLOSIVE MOVE OUT OF THIS TRIANGLE
:: IT MIGHT GO DOWN, BUT I PREFER TO GO LONG AS SOON AS IT BREAKS $49 LEVEL
Comment:
LTC HIT COUNTER TRENDLINE, IT MAY BE A CONFIRMATION THAT IT BECOME A SUPPORT LEVEL FROM NOW. LET'S LOOK AT ANOTHER 1H CANDLE
Comment:
THiS TRiANGLE DIDN'T PLAY OUT AS I EXPECTED, I STILL DIDN'T ENTER A TRADE, BECAUSE PRICE iS UNDER MY GOLDEN LiNE.
I HAD TO RE-DRAW A TRIANGLE TO A NEW ONE WHiCH IS PROBABLY MUCH MORE IMPORTANT SiNCE IT INCLUDES ALL THE PRiCE ACTION SINCE THE DROP. I EXPECT TO SEE IT BROKEN BETWEEN 21 AND 22 SEPTEMBER IN ANY DIRECTION.
I HAD TO RE-DRAW A TRIANGLE TO A NEW ONE WHiCH IS PROBABLY MUCH MORE IMPORTANT SiNCE IT INCLUDES ALL THE PRiCE ACTION SINCE THE DROP. I EXPECT TO SEE IT BROKEN BETWEEN 21 AND 22 SEPTEMBER IN ANY DIRECTION.
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