triple top! if we don't break through on the 4th try this could tank....we need to break the 3k mark ASAP!
Saw this a bit ago as volume collapsed and exited for now. Will keep an eye on it for sure but didn't want to risk it overnight.
yep, I sold a portion off aswell as I thought it was going to dive, but its held so far...but it cant keep it up unless it breaks that 3k
Buy support is building and only 5btc to push it over. Dev you have any news to push this over the line? I know its community based.
It doesn't look like a "triple top" for LTCD.
The most classic chart pattern for a market top is a "H&S Top" and a "Double Top". We saw it last night on the $LSD, it was also there on CLOAK, HAL, etc. Here is a few example of a market top.
$LSD Drop with H&S Top
$CLOAK Drop with H&S Top
$HAL Drop with H&S Top
So, like I said, it doesn't look like a "triple top" for LTCD. The cyclical rise so far is very interesting and there is a strong momentum from the moving average. A more simple way to see the bullish consolidation is that we have a "ascending triangle", it's not a Triple Top.
It's earlier to tell because a downbreak from the "ascending triangle" is possible and price dropping to 2000sat would not be too good. However it looks like the lower part of the head is higher than the lower part of the left shoulder.
There is a 30% failure rate on "ascending triangle", so its possible that it goes down but to be continued.
