A possible top can be spotlighted as a major pattern, it is a 20 weeks and some minors patterns have formed over the course of this major pattern.
During the last 11 days, the price has been inside a located at the (neckline), a breakout or breakdown outside of this channel could deploy a movement with a major extension.
- Lower boundary (support) = $70
- Upper boundary (resistance) = $79
2)Head and Shoulders:
Neckline = $69 - $72, it has confluence with the %61.80
A pattern is not a pattern until its completed formation, a pattern can morph into anything during its formation, this is called morphology.
My perspective is slightly .
At the following chart, you can find further details.
Chart LTCUSD daily scale Bitfinex
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