Very short video highlighting a trend line break and the measured targeting being hit. It made that run to $250 but just didn't quite get there.
I do expect to see a pull back considering this just took off... my guess and that's what it is... maybe back to the $233-$229 area.
I do expect to see a pull back considering this just took off... my guess and that's what it is... maybe back to the $233-$229 area.
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As we can see in the chart, price action over night did continue up and hit just over $250 ($251.91 to be exact); check out my video from yesterday morning tradingview.com/chart/LTCUSD/AvMq0XPJ-LTC-USD-What-s-Next-200-or-250-Opinions/. We saw a pull back to $235.11; $2.11 shy of my $233-$299 range mentioned in last nights video (link below).
My assumption is price will consolidate a bit today before making up it's mind on the directions it wants to take. I'm not adding to current position at the moment, but if we get a dip below $230, I most likely will.
Note
Apologizes... i posted the link to yesterday morning video twice. Here is the chart highlighting the move up to just over $250
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.