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Tight range got formed and price produces fakeout. There is only one way possible we can work with this. Wait the confirmed breakout of either support or resistance and based on a breakout's direction go a position
While it's weekends be more careful
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We face great resistance zone and the correction can come. Nevertheless I would go short only if we lose the 7400$ horizontal support now. While we are above 7400$ treat the price bullish .
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Mary Trader
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LTC was supported by the horizontal support. Expecting the horizontal resistance to be retested.
Stop-loss can be putten under the horizontal support, because if we lose this level that might be another leg down
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Mary Trader
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Greetings. Please leave a support for more technical analysis
Price formed the double bottom and crossed the horizontal resistance. I would wait for better fixation however before to go long position.
Invalidation will come if we lose this horizontal support level .
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Mary Trader
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Greetings. Please leave a support for more technical analysis
We got a rising wedge and it can be a good correction in case the pattern will be confirmed.
Rising wedge will be invalidated if we break the local resistance and manage to fix above
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Mary Trader
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Price retraced inside of the local ascending channel and we can see the upside movement. So we can go long either now or wait the breakout of the mid line of the main ascending channel . Stop-loss can be placed below the support of the local ascending channel .
Setup will be invalidated in case we have a breakout of the local ascending channel to downward. In this case would expect a retest of the lower boundary of the main ascending channel
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Mary Trader
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We have a channel and price retraced of the higher boudary so we can go short with stop-loss above the resistace level.
If the resistance is broken then up we go
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Price is testing the horizontal resisstance and if we have a rejection I would expect a correction to the mid line of the ascending channel and possibly lower support.
Nevertheless if we are able to fix above the horizontal then higher boundary of the channel will be retested and up we go if break it.
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Mary Trader
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One more retest of the Channel's resistance will come in case we break the higher boundary of the current range we formed above the mid line.
Downward breakout of the range will lead to the retest of the mid line and if we lose the mid line then it's expected to be retest of the lower boundary of the channel
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Mary Trader
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We bumbed into a great resistance trendline (worked as a mirror level and was good at it). So expecting to see a correction to 7110$ at least. In case we break 7110$ then 6950$ will be tested.
However if we break the resistance trendline then up we go
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Mary Trader
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