Can we consider this formation of Shoulder Head Shoulder? LTC 4H
Technical analysis regarding the price of LITECOIN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price has been walking in a consolidated manner in this 4h period, however, it has its main upward trend, there was a bigger top just behind, and now the price has touched the support and is retracting. I believe it has completed its wave of correction and could rise again.
Can we consider this graphic formation of Shoulder Head Shoulder? If so, the price may retract and/or effect a continuation of high, forming impulse waves, where I projected the target that it can reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
The price has been walking in a consolidated manner in this 4h period, however, it has its main upward trend, there was a bigger top just behind, and now the price has touched the support and is retracting. I believe it has completed its wave of correction and could rise again.
Can we consider this graphic formation of Shoulder Head Shoulder? If so, the price may retract and/or effect a continuation of high, forming impulse waves, where I projected the target that it can reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***