LIT/USDT Bullish H&S and double bottom as turning signalLitentry took a lot of damage recently.
We can identify a bullish head and shoulders pattern as well as a double bottom at previous support.
Currently we even are producing a higher low.
All that is needed know will be some more volume and we are back in the game.
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
