LTC DOWN! Inverted cup and handle spotted!

Hi, traders. This is just a point of view, but I’ve spotted a big inverted Cup and handle that will make the price of LTC fall down and touch the yellow line you can see below. It’s the line of the downtrend channel.
Hope I’m right so we can see where it goes. However, a lot of variables can affect the price of the coins.

Trade at your own risk. I’m not responsible of your actions.

Have a good day and good trading! ;)

Bình luận:

I didn’t update the idea of the Head and Shoulders being formed from the 29th March because I wasn’t sure at all. Now, it’s just $2 or $3 from the neckline. If it breaks it, It will go to $94. If it doesn’t break it, then it’s not a Head and shoulders pattern and will form another figure. Maybe a diamond, or maybe it keeps going nowhere (sideways).

I know some people think it’s not possible that a Head and Shoulders appears in a downtrend. FALSE!
It’s a weird formation because normally you’ll see bearish flags or bearish triangles, and Heads and Shoulders at a reversal points. But when they appear during a downtrend, it’s just a continuation pattern, so expect it to go down again if it appears.

Trade at your own risk. I’m just posting ideas that don’t necessarily happen.

Good trading. ;)