Hello traders! After looking in to LTC i saw interesting bullish flag pattern! STOCH and RSI are both looking like they need just a bit more of a downtrend but after that everything will be soon bullish! the Flags target is on the secon Fibb after the one it broke! Potential buying target is around 210$ and sell around 50% up! The red line at 0.5 Fibb is the previus target and do NOT sell at that point!
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we tried to get in a nice uptrend but failed to get above 0.5 levels! daily still looking like a flag!
My only thing is that the daily is overbought currently, so I'm on the fence.
Cidoguy
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@NickPadovani, agree, that is why it could be in the flag longer than we would expect it on 4h!
Cidoguy
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@NickPadovani, Plus, there is a drop to 210$ incoming like i said in the comments! and that will throw the daily below 70s imo!
NickPadovani
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@ANDRE.jagodic, True, but i meant more of a general dip down, like towards the 150-180 region.
Cidoguy
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@NickPadovani, It could happend sure, but since the support around .382 fibb is really strong i am still bullish on it.
If the daily closes below that id sell whatever i bought above it..