Pennant formation - Watch for the breakout
Updated
LTC is in a pennant; similar to an ascending triangle formation. To me this is an indication of a bullish continuation pattern. If it breaks out of the ascending triangle then you may expect a decent bull run.
That said, my trade setup would be something like this -
Post confirmation:
Buy @ 334 - 338
Target ~438
Stop Loss ~300
Please feel free to revert with feedback. Thank you!
That said, my trade setup would be something like this -
Post confirmation:
Buy @ 334 - 338
Target ~438
Stop Loss ~300
Please feel free to revert with feedback. Thank you!
Trade active
Trade closed: stop reached
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