LTC/BTC Potential Cup and Handle

in #chart5 years ago (edited)

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On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance.mean while i expect a minor consolidation from each resistance/support by fibonacci retracement .

Vertical line is a date for Ltc halvening day

This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline .

cupandhandle (1).jpg

for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area

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please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

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