There are some interesting changes occurring inside of this , that are worth discussing. First, we can see that LTC has pierced the 20 (in blue) but it is currently rallying higher. At the same time, LTC also violated the center line of the . So, essentially, those two levels have just been weakened as support. You can see how resistive the center line of the channel was, particularly during the pattern, so it's important for the bulls to hold above the that level. I've extended the flag out, to show where price action may continue going forward. You can see that the bottom of the flag will soon be converging with the 50 (in orange.) If we happen to get down there, the bulls would really need to see the 50 hold, or a breakdown of the flag could occur. Such a movement, would put the bottom of the pink in play.
continues to fall, which is typical for price action inside of a . This is especially true when there is a converging apex, such as the one created by the inside of the flag. The has crossed over , but is not showing any powerful momentum. This chart remains in a posture, but a breakdown is ALWAYS possible. That's why WE WAIT FOR THE BREAK BEFORE WE TRADE.
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There is a retracement on Btc to 8800 which will allow 182 entry price.
I can't quite read it