henrytrading

henrytrading

Technical Analysis: Despite the small gap down below the weekly ascending trend line, price had a strong bullish movement up off of it, and led to the creation of an inverted H&S pattern. The neckline of the pattern has now been broken and has pulled back at the 38.2% fib level. Looking to see rejection on the lower time frames off of the daily support before...

henrytrading

LTC/USD has crossed red decsending trendline and bouncing off green upward trendline which is acting as support. Also seems to be consolidating within yellow support area, should see upward movement from here on. However, if it does in fact break through yellow support area we may see a further fall to red critcical resistance zone and then a move upwards. +ve...