Bullish Divergence with confirmed channel breakout

Hi all,

LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line.
Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises.

I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line.

Comments and feedback are welcome!

Info on divergence: www.babypips.com/lea...vergence-cheat-sheet

ความคิดเห็น:

Previous channel invalidated, but bullish divergence still in place. Gonna wait for breakout confirmation before going long.

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