Litecoin And Classical Charting - No Elliott Waves. Promise!
Hello Dear Friends! :)
Today we are gonna look at only classical charting, and try to identify the different patterns. This is an educational chart - I hope you will enjoy it!
Let's start from the left:
1. Bear Flag (Steep downtrend, followed by a small consolidation to the upside, and then another steep downtrend)
2. Broadening Ascending wedge (bearish pattern)
3. Down Channel
4. Ascending Triangle (bullish pattern)
5. Symmetrical Triangle (neutral)
6. Another Bear Flag
7. Ascending wedge (bearish pattern)
8. Bullish MACD-Cross (When the blue line crosses the orange, which means that the bulls are gaining momentum)
9. RSI - Regular Bullish Divergence (The price is making lower lows, but the RSI is making higher lows, which means, that we are about to end our downtrend and will go into a reversal)
Can you find other patterns?
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Please leave a LIKE for this alternative educational post :)
Today we are gonna look at only classical charting, and try to identify the different patterns. This is an educational chart - I hope you will enjoy it!
Let's start from the left:
1. Bear Flag (Steep downtrend, followed by a small consolidation to the upside, and then another steep downtrend)
2. Broadening Ascending wedge (bearish pattern)
3. Down Channel
4. Ascending Triangle (bullish pattern)
5. Symmetrical Triangle (neutral)
6. Another Bear Flag
7. Ascending wedge (bearish pattern)
8. Bullish MACD-Cross (When the blue line crosses the orange, which means that the bulls are gaining momentum)
9. RSI - Regular Bullish Divergence (The price is making lower lows, but the RSI is making higher lows, which means, that we are about to end our downtrend and will go into a reversal)
Can you find other patterns?
D4 Loves You <3
Please leave a LIKE for this alternative educational post :)
