possible dubble top

HUOBI:LTCCNY   Litecoin / 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
well, looks like we are heading my neckline
There's no established uptrend for the double top.
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
MoonTrader capoeira
If it's a double TOP, then it needs an uptrend first.
capoeira MoonTrader
well, there is an uptrend started 5 days ago
MoonTrader capoeira
I just don't think it's established enough to call that a double top.
capoeira MoonTrader
I see
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.

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.
MoonTrader ItisCalvin
Interesting, thanks. Maybe you're right.
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