Litecoin crashing! H & S Pattern forming
I just wanted to revisit my post i made a few days ago, here ,talking about how i thought a Head and Shoulders pattern was forming on litecoin's daily chart and was about to signal a break down.
Well fast foward a few days and it is looking like it will be inevitable that this H&S formation is going to happen.... all it needs to do now is burst through that neck line with some volume... and LTC should be reaching into the 30's and 20's
How am i trading this?..... it would need to break its down trend for me to get into it anytime soon.... otherwise i am on the sidelines observing a breakdown through the neckline.
As someone who is trying to accumulate LTC, i hope the price comes way down.... but i guess we will see.
Good luck to everyone! :)
Appreciated Effort...!!
:)
Is that a daily chart @fem-of-war ?
Yes, thats on the daily... woops i forgot to say thay, ill add it in now
Nice info @fem-of-war I'm definitely going to watch carefully. If it dips below the neckline, I might sell mine and wait for a lower buy in price.
This should provide a nice little buying opportunity!
Lol thats what im doing, im watching LTC like a hawk with my finger ready on the buy button
Same here! Crypto can be fun
great post.. thanx for the info. Followed and upvoted. Feel free to follow back.
Thanks :D, following back!
Congratulations @fem-of-war! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP