Besides from what my chart already says, let us talk about the head and shoulders:
- The possibility has been most likely broken first of all, there is no third peak
- 3 Uptrend movements suggest an even higher uptrend, and of course there is a fall for price correction
- More clear movement into accumulation, hoping that the support doesn't break
More of my thoughts:
- A wick past the red support is expected, and needed, but the green should be the basis of it's price for it's accumulation period.
- I honestly expect a test on the yellow, if it bounces right off we're good for the green, the uptrend before will overshadow the head and shoulders possibility
- Hoping for a falling wedge pattern
- Due to BTC's gaining higher and higher supports, thought they aren't strongly correlated, BTC is king
My final claim:
- LTC to the moon in a few months :)
- The possibility has been most likely broken first of all, there is no third peak
- 3 Uptrend movements suggest an even higher uptrend, and of course there is a fall for price correction
- More clear movement into accumulation, hoping that the support doesn't break
More of my thoughts:
- A wick past the red support is expected, and needed, but the green should be the basis of it's price for it's accumulation period.
- I honestly expect a test on the yellow, if it bounces right off we're good for the green, the uptrend before will overshadow the head and shoulders possibility
- Hoping for a falling wedge pattern
- Due to BTC's gaining higher and higher supports, thought they aren't strongly correlated, BTC is king
My final claim:
- LTC to the moon in a few months :)