Using the heikin Ashi candles for trend reversals, you can see that the price fell out of the rising wedge as expected.
Price is not falling to the Purple MA(99) where it should bounce in the range from $121-$124.
Day traders and scalper, this is important for good entries.
Long term holders, no need to worry, you made it through all these small corrections. Very healthy if you ask me.
Lets get this money!!!
Kommentera
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That Bad$$ 200 day MA coming from the bottoms of Hell to save LTC. I see the bounce coming soon! I'm not in this position just yet, but soon. around 124.50 range.
Kommentera
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Keeping the integrity of the 2HR chart. same holds true for the Purple moving average.