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Lusitanian Trader (OP)
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February 02, 2014, 12:18:24 AM
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Litecoin/Bitcoin


The Price negotiates within the wedge.

Breaking Down the bracket 0.026 can take the LTC / BTC until the next support 0.008.

As the main resistance 0.036

Daily Chart
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February 02, 2014, 03:57:01 PM
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Thanks for your analysis, but I think "the next support" isn't 0.008. There would be another support line at somewhere between 0.022 and 0.020. You may need to change the time interval for a candle to 3 days to see I what I mean.
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February 03, 2014, 05:57:30 PM
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Quote from: Najska on February 02, 2014, 03:57:01 PM
Thanks for your analysis, but I think "the next support" isn't 0.008. There would be another support line at somewhere between 0.022 and 0.020. You may need to change the time interval for a candle to 3 days to see I what I mean.

Yes, they are intermediate resistances
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