So broke another of it's triangles. Could be now forming a bullish pennant (so far usually ltc fails lol) But this looks decent to me. I would personally buy the retest. But that's me - not financial or investment advise.
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Bigger picture.
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USDT pairing bounced off it's big triangle also.
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Always good to have a backup line. : ) However, on the 4H it closed below even that, so perhaps higher time frames are what this trade is about.
Alright on the hourly I can see what could be a bastard HnS forming on the upper resistance line. It might not form, right shoulder hasn't even really formed. But what with the downward slope of the triangles resistance it's in the right place. That doesn't mean the pennant will fail if the HnS materializes - could just be a lower entry to be had. Worth keeping an eye on. ---- Plus.... HnS make good fuel : ) when they fail. Just educational content.
It might not form, right shoulder hasn't even really formed. But what with the downward slope of the triangles resistance it's in the right place.
That doesn't mean the pennant will fail if the HnS materializes - could just be a lower entry to be had.
Worth keeping an eye on. ---- Plus.... HnS make good fuel : ) when they fail.
Just educational content.