Ymoon715
It is reaching the support of previous consolidation zone. If support turns resistance, then it will go in the short direction. However if it breaks, then it will attempt to break resistances. Targets are simply the next supports/resistances.
I spotted a pretty handsome Cypher formation. Too much uncertainty heading into August however.
I can see that head and shoulder forming. Will drop below 20 dollars eventually IMO.
Segwit 2x didnt even hit yet which means BTC isnt done crashing yet. More to go. After this target, it will start a long bullish trend.
There is a bullish flag formng. It should drop to the line shown in the chart. If it breaks out below the flag, then it might drop all the way to around $33 dollar range. If it does break out, it will attempt to break resistance at around 55
I found a bat formation... If I charted it wrong, please constructively criticize me so I can learn and improve
This is an update to my previous chart that I posted yesterday. I realized that I mislabelled the bat/Gartley pattern. I checked the FIB retracement to make sure the Gartley and the ABCD is accurate. Both of these indicate that there will be a bullish movement as soon as it reaches D. Wait for signals before entering. If LTC manages to obtain an ATH, then it...
Using harmonics, I confirmed the ABCD pattern with fib retracement, values all matching for target D. If it changes direction, then it can form a bearish bat.
I see trend change signals. I can see it going back down to the original trend line before it shoots up to ATH. This is my take on the chart