Congrats Bulls!
Daily higher high achieved.
If you have been watching the videos I have mentioned a couple times LTC would be the first to break to a higher high on the daily.
We certainly could not expect this kind of powerful move, but the setup was there to be the lead bull.
We will now watch for higher lows on the hourly to remain. We are very overbought on the hourly and 4 hour so we must be cautious, and any entries up here do not have great risk/reward.
If we break $200 we should see a quick push to $205 or so, which is a potential quick flip setup.
As for swing traders, we are confirming the bullish reversal candle on the weekly with big time volume.
Daily higher high achieved.
If you have been watching the videos I have mentioned a couple times LTC would be the first to break to a higher high on the daily.
We certainly could not expect this kind of powerful move, but the setup was there to be the lead bull.
We will now watch for higher lows on the hourly to remain. We are very overbought on the hourly and 4 hour so we must be cautious, and any entries up here do not have great risk/reward.
If we break $200 we should see a quick push to $205 or so, which is a potential quick flip setup.
As for swing traders, we are confirming the bullish reversal candle on the weekly with big time volume.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social