Continuation of Bull Pennant uptrend that began the start of August.
This Pennant is different than the previous two in that it consolidates at long term resistance marked with yellow horizontal line, hence the tighter pattern.
Confirmation of RSI over 70 and bullish divergence in MACD along with similar Bollinger Band consolidation and breakout could indicate further upward momentum and a bull candle resembling previous flag poles.
Very promising pattern, especially considering LTR was breached in formation of flag pole. Historically, further resistance has been at 52 and 55, so seeing how this reacts at those values will be interesting. I am bullish long term on Litecoin.
Interested in other's thoughts.
Happy & Profitable Trading!
This Pennant is different than the previous two in that it consolidates at long term resistance marked with yellow horizontal line, hence the tighter pattern.
Confirmation of RSI over 70 and bullish divergence in MACD along with similar Bollinger Band consolidation and breakout could indicate further upward momentum and a bull candle resembling previous flag poles.
Very promising pattern, especially considering LTR was breached in formation of flag pole. Historically, further resistance has been at 52 and 55, so seeing how this reacts at those values will be interesting. I am bullish long term on Litecoin.
Interested in other's thoughts.
Happy & Profitable Trading!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.