LTC Jan 9.
LTC observations:
Weekly chart:
-50% retrace
-Large bullish-pin-bar/inside-mother-bar 3 weeks back. Prices action squeezing down.
Daily chart:
-Price action has reverted to 8 & 21 day EMAs
-Mostly chop, pivoting from inside bar to inside bar.
Thoughts:
-The weekly looks good but I don't expect any signals worth taking on the daily until the price starts to move again.
Weekly chart:
-50% retrace
-Large bullish-pin-bar/inside-mother-bar 3 weeks back. Prices action squeezing down.
Daily chart:
-Price action has reverted to 8 & 21 day EMAs
-Mostly chop, pivoting from inside bar to inside bar.
Thoughts:
-The weekly looks good but I don't expect any signals worth taking on the daily until the price starts to move again.
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