LTC following fractal from early august

BINANCE:LTCUSD   Litecoin / U.S. Dollar
A price action pattern is forming that is similar to the one in early august (blue circle). If this fractal follow through, there will be a breakout from the decending channel and the ichimoku cloud would be pierced which very bullish .

The bearish scenario is that the fractal fails to develop, there is a possibility that the price fail to break the its descending channel , as also seen in the RSI .
Thank you
Strong channel and nice long analysis.
Spot-on often enough! Thank you for sharing your insights!!
Keep em' comin' Najihatoum. Thanks for being my eyes and ears when I can't be, always on point Brother!
+1 Reply
nagihatoum BlockchainFaith
@BlockchainFaith, Welcome and thank you but i wish I was always accurate, got somethings wrong but I try.
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