LTC, Break on Through to the Other Side

8. Mai 2018We find ourselves on the other side of the great downtrend resistance after we were rejected from it a few ideas ago. After pushing through and riding up and rolling down, a larger picture is emerging. Our ascent between the orange lines is clear. Keep a steady eye and paint your profits between the lines!

9. Mai 2018

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9. Mai 2018

Kommentar

9. Mai 2018

Kommentar

We broke down through orange support, and tested the resolve of the old green resistance line from ATH. We bounced from there and now is the time to keep a steady eye, the next moments are crucial. Possible formation of right shoulder commencing.

11. Mai 2018

Kommentar

11. Mai 2018

Kommentar

First bearish signal was the break down of the ascending triangle, with an exit point falling below 156.48.
Once we entered the danger zone, the next test of resistance was 151.15, with the ultimate test of the green resistance line. That was the next chance to bail and ride the coaster down to 137land.

11. Mai 2018

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Next resistance is 148

16. Mai 2018

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Double danger zones. Just throwing this up here because we just broke the lower green line of support.