Barrier triangle.. topping pattern Yes I know many have feelings for the stock and the company...BUT detach yourself and see it as a spec-instrument like all the others. I'm not calling that the top was in the 28th of april but if the the latest bear flag breaks down - the last blue supporting trendline will break as well. This pump'n'dump scheme - almost...
LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long. SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.
11 Aug - 18 Aug: 42 CNY to 22 CNY (-48%) 18 Aug - 21 Aug: 22 CNY to 38 CNY (+33%) 22 Aug - 23 Aug: 36 CNY to 29 CNY (-24%) 23 Aug in an hour: 29 CNY to 33.21 CNY (+13%) It looks like Litecoin will never die even with the strong competition of other alt coins. Its advantage is a huge acceptance in every China exchanges, every 1% swing in Bitcoin will result in...