JoseManiii

LTC's Wedge to Finish the Cup's Handle

Long
BINANCE:LTCBTC   Litecoin / Bitcoin
So the wedge got bigger. After finding a pattern I usually check for indicators confirming these patterns. As yo can see, every time the wedge hits a lower low, the RSI refuses to drop lower, creating a higher low. This can be considered as a bullish divergence, in my opinion, a medium strength divergence, since the price hasn't made a dramatic lower low, and all closes are respecting the black horizontal support trend line. Handles haven low volume so I'm not expecting much volume until we move closer to the neckline of the Cup (upper red trend line).

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