NambouRe

NambouRe

After an impulse, the price started to recover.

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After few hits and falls caused by the bearish trend line, the index will continue falling to 91.5.

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There is a key level to which the price might return by the end of the next week.

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In the last couple of days, Litecoin did not show bearish or bullish trend, however it now started to show the bullish trend which could result in a slow growth following the trend.

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The bullish trend has risen the exchange rate, but there is a middle level which acts like a magnet, so it could potentially bring down the level to 0.648.

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The graph has started to show the "Head and shoulders" pattern. The next move for the graph is to go down. Even if there would be growth, it would be temporary and the fall should occur shortly after.

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There is a mirror level which will reflect the movement before. The thend lines are also trying to meet at a point which could result in a significant growth or fall.

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The head and shoulders pattern has appeared before and starts to form again meaning that a fall afterwards can be expected.

NambouRe Updated 

The trend kept growing and even though there is a resisrance at the today's peak, the trend will still try to go up.

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Trying to figure out the next move of the trend.

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Previously, the graph has shown us the same movement of growing, falling and then recovering. There were three such cycles and there is high probability that a new cycle has begun.

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The history from 8th to 11th of June has showed us the V-formation, which is similar to what is happening right now.

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Previously the trend showed us the bounce which could be resulted in the weaker bounce afterwards therefore creating a cup formation.

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The past history of Bitcoin shows it's strong trends which have weak resistance until it hits the "ceiling" which I showed as a resistance box. Although the resistance is often different, I believe that the movement will be similar to the previous peak.

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Gold