Litecoin bearish OBV divergence, but symmetry makes me bullish
This is a look at the one hour chart since March 26th for Litecoin.
The symmetry may not be a valid indicator, but it cannot be ignored. If the pattern continues, we are headed up.
Higher lows along bottom trend line, but pattern looks very similar to ominous head and shoulders.
Bearish divergence on OBV, but recent uptick makes me bullish.
If Litecoin makes a move to $126, it will have to break through the resistance of the huge descending channel.
The symmetry may not be a valid indicator, but it cannot be ignored. If the pattern continues, we are headed up.
Higher lows along bottom trend line, but pattern looks very similar to ominous head and shoulders.
Bearish divergence on OBV, but recent uptick makes me bullish.
If Litecoin makes a move to $126, it will have to break through the resistance of the huge descending channel.