Hello traders, here we have LTC/USD with a bearish bat pattern on the 15m chart.
It makes a change from posting about the 1h, 4h and daily all of the time.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618 (D leg is slightly extended)
Final X to D: 0.886
This is not a chart I'm trading but more to highlight the future price direction of Litecoin, including key areas to buy.
If you want more trading inspiration be sure to connect with me below :)
It makes a change from posting about the 1h, 4h and daily all of the time.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618 (D leg is slightly extended)
Final X to D: 0.886
This is not a chart I'm trading but more to highlight the future price direction of Litecoin, including key areas to buy.
If you want more trading inspiration be sure to connect with me below :)
Comment:
Price has now reached the bottom of an ascending channel, expecting a breakout to continue the move.
Comment:
The ascending channel is holding really well but price is now approaching the bottom trendline... Will we see a break to the downside?
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