LTCUSD Short idea, H&S pattern. Daily trendline possible broke

$BTCE:LTCUSD
I believe LTC have a bright future, but right now hype about SegWit is over.
Big players are quiting.
Breaking Daily trendline and $25 treshold will be complited H&S pattern, which means minimal $13 dump, I expect $12.7, may be deeper

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Bigger picture

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Weekly candle closed in red, and it's look like "Spinning top" looks dangerous for LTC

İşlem aktif

Sad for litecoin, we are braked the neckline of H&Sand pattern is accomplished, and now seems it should go deeprer, i excpect retest of neckline, and then broking of daily trendline

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Huge volume on breaking support, means, that now we have strong resistanse at that point

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I expect bounce somewhere near to 0.382 fib, then retest of neckline. But be careful, it's dangerous to go long on bear market, better open new short on peaks.

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Testing neckline right now.

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Good oportunities to add some shorts. You cat set stops above necline

İşlem kapandı: durdurma seviyesi

Stop was reached after breaking neckline. Looks like LTC have some more fuel.

exceLqa

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

exceLqa