Sign of the bounce back on some of the altcoins. On the 4hhours time frame chart of LTCBTC, the price chart of LTCBTC has been spotted forming a bullish reversal chart pattern called THE DESCENDING TRIANGLE CHART PATTERN.
The descending chart pattern chart has be considered to be a reliable chart pattern, plays out mostly when price continues to hug the horizontal resistance and testing it for too many times, these consistent test of the resistance, will automatically make the price to breakout making the resistance to turn to a new support.
The following levels should be watched:
Breakout: 0.006982sats
Resistance 1: 0.007052sats
Resistance 2: 0.007169sats
Resistance 3: 0.007284sats
Resistance 4: 0.007425sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice
The descending chart pattern chart has be considered to be a reliable chart pattern, plays out mostly when price continues to hug the horizontal resistance and testing it for too many times, these consistent test of the resistance, will automatically make the price to breakout making the resistance to turn to a new support.
The following levels should be watched:
Breakout: 0.006982sats
Resistance 1: 0.007052sats
Resistance 2: 0.007169sats
Resistance 3: 0.007284sats
Resistance 4: 0.007425sats
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice