LTC Short

21 Şub 2018

It seems we have reached the Distribution phase as marked by the red line. We can see two Blow offs at the top indicating a change in trend. If we take a look at the 200 DMA (red) and the 50 DMA (blue) approaching one another, we can assume the change in trend. In my believe, a downtrend won't last long because as we look at the 6 M chart, almost each downtrend was met with a sudden and unexpected change causing an engulfing candle.