LTCUSD (Litecoin) – Week 27 – Channel trading
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Technically, the price is range bound inside the blue channel marked on the chart. Because the price reached the lower line of the channel, we give a higher probability for the price to go higher. If the channel breaks in either way and consolidates after, we should be biased towards that direction. We advise caution.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, the price is range bound inside the blue channel marked on the chart. Because the price reached the lower line of the channel, we give a higher probability for the price to go higher. If the channel breaks in either way and consolidates after, we should be biased towards that direction. We advise caution.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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