Cabana Capitals Blog Technical Analysis Channel Down breakout on LTCUSD

Channel Down breakout on LTCUSD

Channel Down breakout on LTCUSD post thumbnail image

The last 9 4 hour candles on LTCUSD formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 71.5667.

Supported by Upward sloping Moving Average

Target: 71.5667 Entry: 67.45 Stop: 65.29

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