LTC No Longer Stuck (Hopefully)!
If you refer to my last post, I noted the creation of a symmetrical triangle formation. We now have a breakout at the top resistance. The descending volume (see the red parabolic line on the bottom), multiple touches on the resistance and support, pressure from the 20 EMA and others, and overall trend all pointed to a perfect symmetrical triangle that would breakout on the upside.
Look for $272 if volume doesn't break down.
-JZ
Look for $272 if volume doesn't break down.
-JZ
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