I would carefully watch this area here.
Today's close will probably touch the resistance line on the Wave Trend indicator.
There are 3 options :) We could see double top soon, the market can reverse anytime on some bad news or a big rally with ATH - who knows?
COVID cases start increasing in many states that re-opened.
Unemployment still in the 13% zone.
Ichimoku daily presents litecoin in a bearish zone. On weekly, the price is way below the cloud, making me think that it may go up towards some major MA zones.
There is some form of a symmetrical triangle forming.
It will be interesting to watch. For now - neutral.
BTC may be forming an inverse head and shoulders chart pattern.
Successful completion would lead BTC price to 8,200 - 8500 (top of the Ichimoku cloud).
Inverse H&S may be perceived as an indication of the 'bottom'.
As of now, BTC is still in the bearish zone based on 1D Ichimoku.
However, if we look at Ichimoku 1W, there is a possibility of a big 'pump' coming...
It appears that Ichimoku support holds. In addition, the lagging span (green line) bounced up from the price.
The wedge is bullish (breaking up). Correction is possibly over - let's wait for confirmation.
The minimum target based on TA (wedge) is ~ 30%.