Head and shoulders pattern forming most definitively on 1D charts with Litecoin. ~$54.50 seems to be a level which coincides with the Fibonacci levels, making it extremely conspicuous. The Kovach OBV indicates long term positive momentum, whereas the Kovach Chande indicator has turned negative confirming a pullback is near. The Fibonacci time zones indicate the time is nigh for the aforementioned retracement.
In general cryptocurrencies have been on a tear this past year, so any pullback should be looked upon as a buying opportunity.
If you are interested in the Kovach Momentum indicators and Kovach Reversal indicator, check out quantguy.net
In general cryptocurrencies have been on a tear this past year, so any pullback should be looked upon as a buying opportunity.
If you are interested in the Kovach Momentum indicators and Kovach Reversal indicator, check out quantguy.net
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