Wedge and a bullish channel on LTC

All targets mentioned in the chart

Best of luck
評論: Entering area of interest :)
評論: One more dip expected here ... :)
手動結束交易: I have posted a new chart on LTCUSD
Hi @salmanijaz any update will be helpful?
@salmanijaz I think we are in to hit the trend line one more time as per the analysis you made. When is the right time to buy, brother?
salmanijaz sathya_singh1991
@sathya_singh1991, I will give it one more week :)
Look for the price action once the trend line is broken. If its a strong break then i will be interested in going long on the pullback

For now i am just out and looking :)
@salmanijaz, I have a doubt which I want to sort out. Don't mind if I am stressing you with too many questions.

Here they are:

1. Break of trend line - Doesn't this mean bears are still strong?

2. And if the trendline is broken doesn't that mean we are not in the trend anymore?
salmanijaz sathya_singh1991

1) By break of the trendline, I was referring to the upward break. This break will mean that we will go up. On the otherside if we have a downward break then you are right.

2) This is a pennant formation, so break in any direction will give us the trend direction.
@salmanijaz, So, if I understand correctly, same holds good if we break downwards, Right?
salmanijaz sathya_singh1991
@sathya_singh1991, Yes thats correct
LTC and BTC behaving very similar... which do you think looks strongest in the next few days?
salmanijaz DELPHIN2M
@DELPHIN2M, Very difficult to say at the moment but i think both of them with get some pump soon.
DELPHIN2M salmanijaz
@salmanijaz, Feels very close... are you waiting for a good break over 270?
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