LTC/USD - Diamond Chart Pattern - HMMM... Not A Common One!
I had a follower ask me about the diamond chart pattern from my last video, so I decided to talk about it a little bit. To be honest it's not a pattern I typically watch for, but it can be a very profitable pattern if identified and traded accordingly.
So if I have drawn the pattern correctly, you can see a break to the downside based on this patter would put price back down in the $150 areas, which I personally do not think LTC is going. Of course, I could be completely wrong, but based on what i'm seeing in my chart and other things i mention in the video, I think upward price action is more likely at this point outside a small pullback to say $200 or so.
I hope you enjoyed the video... give a like and let me know what you think is going to happen over the next few days.
So if I have drawn the pattern correctly, you can see a break to the downside based on this patter would put price back down in the $150 areas, which I personally do not think LTC is going. Of course, I could be completely wrong, but based on what i'm seeing in my chart and other things i mention in the video, I think upward price action is more likely at this point outside a small pullback to say $200 or so.
I hope you enjoyed the video... give a like and let me know what you think is going to happen over the next few days.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.