LIT/USDT Bullish H&S and double bottom as turning signal
Litentry 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.
If you like the content, please like, comment and give this channel a follow.
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.
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.
If you like the content, please like, comment and give this channel a follow.
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.
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