LTC low risk short opportunity
Updated
Bearish divergence on 1H and 4H
Low time frame painting a descending triangle.
First target is measured moved of the triangle at ~306$
Second target is the 0.618 Fibonacci ratio at ~289$ perfect alignment with a previous top.
Idea would be invalidated if price breaks above triangle red resistance at ~329$.
Low time frame painting a descending triangle.
First target is measured moved of the triangle at ~306$
Second target is the 0.618 Fibonacci ratio at ~289$ perfect alignment with a previous top.
Idea would be invalidated if price breaks above triangle red resistance at ~329$.
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