Below are some keypoints to support a positive breakout from the falling wedge.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a...
Downwards Wedge, return to the to symmetrical triangle
My target between 100-120
* LTCBTC also seems to have a bullish engulfment/tweezer bottom candlestick forming on the daily.
Possible Bitcoin cash breakout to the upside becomming visible using the symmetrical triangle TA.
If it breakouts on the upside a possible target might be 4000.
Fundamental: Maybe if Coinbase adds BCHEUR and/or BCHBTC tradings pairs???
LTC does it have a cup and handle + pennant at the handle?
Maybe a target of 116 when we see upwards pennant breakout?
Better view of pennant at 4h or 1h.
