With BTC showing strong bearish signs at the moment, it's time to look at some potential shorts in the market. One of these is LTC.
LTC has been forming a bearish triangle since the sell-off of late may. With BTC going down, it might be time for LTC to break out on the bearish side of the classically bearish triangle.
Wait for proper break out before entry. Always keep an eye on BTC when trading alts.
I wonder how you send a sell signal with a shadow coming out of the triangle?
We are exactly in the area of important support
FieryTrading
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@mehdy1356, One can draw TA in many ways. I try to look at areas which are often touched by either a minimum or close, which is the case here. I'm considering the areas below the triangle support as fake-outs.