kingretep

Litecoin Double Bottoms

BITFINEX:LTCUSD   Litecoin
Litecoin tends to consistently test an ascending support baseline with double bottoms. This W formation resolves in both upside and downside which makes it difficult to predict. The current position is poised to go either way. I'm long, but will be exiting this position if we don't see a breakout or early signs of a handle formation.
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