LTC, Break on Through to the Other Side
We find ourselves on the other side of the great downtrend resistance after we were rejected from it a few ideas ago. After pushing through and riding up and rolling down, a larger picture is emerging. Our ascent between the orange lines is clear. Keep a steady eye and paint your profits between the lines!
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We broke down through orange support, and tested the resolve of the old green resistance line from ATH. We bounced from there and now is the time to keep a steady eye, the next moments are crucial. Possible formation of right shoulder commencing.
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First bearish signal was the break down of the ascending triangle, with an exit point falling below 156.48.
Once we entered the danger zone, the next test of resistance was 151.15, with the ultimate test of the green resistance line. That was the next chance to bail and ride the coaster down to 137land.
Once we entered the danger zone, the next test of resistance was 151.15, with the ultimate test of the green resistance line. That was the next chance to bail and ride the coaster down to 137land.
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Next resistance is 148
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Double danger zones. Just throwing this up here because we just broke the lower green line of support.