Long
Bullish repeating Gann
History doesn't repeat, but it often rhymes. A very similar setup is shaping up as it relates to Gann lines.
*Lite coin has been trading at the bottom of it's USD log channel, but more importantly, it just broke through the 3/1 gann line and appears poised to hold the line on a retest. A run up to the 4/1 gann was seen in both June and early August before spiking to the next point (mid/top) in the log channel pitchfork.
Are we seeing this pattern play out yet again? Quite possible.
-Long LTC with adds at retrace gann levels.
-Channel lines (yellow/pink) represent profit taking targets.
I expect bullish fundamental developments over the coming months... Hodl that core position tight.
*Lite coin has been trading at the bottom of it's USD log channel, but more importantly, it just broke through the 3/1 gann line and appears poised to hold the line on a retest. A run up to the 4/1 gann was seen in both June and early August before spiking to the next point (mid/top) in the log channel pitchfork.
Are we seeing this pattern play out yet again? Quite possible.
-Long LTC with adds at retrace gann levels.
-Channel lines (yellow/pink) represent profit taking targets.
I expect bullish fundamental developments over the coming months... Hodl that core position tight.
Trade active
Looks to be taking the lower of the two bull paths, but continues to respect gann resistance/support levels. Long, with potential adds at $55.55 level.Note
$290 print on OKCoin may have been a bot fluke... or maybe just a hint at things to come . ; )Trade active
Nice move above the 8/1 gann line. I'm expecting a retest of this point around 80. Potentially a good place to reload ($75 if we're lucky)Trade active
So long as consolidation around/above 98 continues, we could see another leg up. Watch for btc weakness, as this ended LTC's September rally rather abruptly.Trade active
Bring out the Gann Cannon boys! That quick correction and recover was very bullish, especially when taking recent ltc/btc strength into consideration. If we break this 8/1 line on tcs/usd it's on to a bullish $130 target (assuming btc cooperates)Trade closed: target reached
Hitting targets right on the money. Taking off 2/3 here. Letting the rest ride. Likely going to consolidation and dip for a few days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.