hello guys, today i'm charting on LTC/USD.
LTC/USD is just breaking the 0.382 fibonacci ratio, if the 4H candle can defend this level
it will much possible forming cup & handle pattern.
keep on eye at the volume, we need higher volume to do that, if the lower volume making higher high,
becarefull of the bull trap.
trade safe, like & share if this helpful :)
hello guys,
if you see in this daily btc/usd chart, the pattern was forming well in both double bottom & top in the last 2 month.
i guess, it will breakout soon to around $3800 - $4000 resistance area rather than breakdown depends on the Rsi indictors which steadily upward & the daily candles which defending the 0.618 fibonacci ratio.
but you must cautiously set...
the abc correction done perfectly in the last 24h,now it's forming the 12345 impulse wave in 1h chart,might be will finish the 5th waves around 0.618 fib region.
i think is gonna retest the 618 fibo while u can see the 3 waves not forming,then fall more dip.better watching & waiting to buy in the confirmation bullish reversal