Just my interpretation of the Litecoin consolidation. Short Term Long here at the bottom of the BLUE CHANNEL. Half profits may be taken at the top blue line (channel top). If price continues to hold above the blue channel, the next PROFIT TARGET will be the green DASHED line.
The DIAGONAL green line notates a trend break. Price has broken the downtrend & held above it. This could be a reversal signal, as price tries to retest the Highs.
Seeing channel analysis done in different ways helps with identifying price structure, anticipating entries, & predicting profit targets.
The DIAGONAL green line notates a trend break. Price has broken the downtrend & held above it. This could be a reversal signal, as price tries to retest the Highs.
Seeing channel analysis done in different ways helps with identifying price structure, anticipating entries, & predicting profit targets.
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