Hello Traders,
Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.
Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.
Commento:
Every comment saying this is NOT a valid Head and Shoulders. A H+S pattern becomes valid on break of the neckline with increased sell volume.
Commento:
Epic neckline break.
Commento:
The 3.618 fib looks like a target to me. It lines up with the Daily 200 MA.
Commento:
When the price broke the neckline the moves down look impulsive so I am expecting 5 waves down.
Commento:
Got a wick in the box price range.
