Head & Shoulders and the ARC.
We have seen LTC move within the same range from 13th Jan between 42.29 AND 46.27
But now we formed another Head and Shoulder pattern, the second such H&S in the last few days.
So will this one fail too?
Two levels to look out for above 47.27 Buy in and below 40.88 short.
For now we move sideway but forming a Higher Low as we do so. (shown by the white line)
Indicators
Volume has tappered off and MACD looks to be turning up on 4HR time frame
We could continue to follow the Arc shape and continue to move up
Its a wait game.
Wolf
But now we formed another Head and Shoulder pattern, the second such H&S in the last few days.
So will this one fail too?
Two levels to look out for above 47.27 Buy in and below 40.88 short.
For now we move sideway but forming a Higher Low as we do so. (shown by the white line)
Indicators
Volume has tappered off and MACD looks to be turning up on 4HR time frame
We could continue to follow the Arc shape and continue to move up
Its a wait game.
Wolf
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