capoeira
Short

possible dubble top

HUOBI:LTCCNY   Litcoin / Chinese Yuan
853 9 1
second bounce from 50% fib (not confirmed yet) building possible dubble top.
Also building an RSI divergence.
beeing 30 a psicologic support I would say this would be the neckline
There's no established uptrend for the double top.
Reply
capoeira MoonTrader
you mean downtrend? that's why I said that the bounce is not confirmed yet. yet we have RSI divergence on 15min, too
Reply
MoonTrader capoeira
If it's a double TOP, then it needs an uptrend first.
Reply
capoeira MoonTrader
well, there is an uptrend started 5 days ago
Reply
MoonTrader capoeira
I just don't think it's established enough to call that a double top.
Reply
capoeira MoonTrader
I see
Reply
ItisCalvin capoeira
I would say there is a preceding trend. @MoonTrader. It doesn't have to be the preceding long term trend. Take for example one of my previous old time favorites.

Triple Tops and Crazy Sellers


The data for the small time frames doesn't load anymore for charts that are old, but this one did confirm and go down. The preceding trend looks fine to me @MoonTrader.
Reply
MoonTrader ItisCalvin
Interesting, thanks. Maybe you're right.
Reply
well, looks like we are heading my neckline
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out