A look at lite coin.
Lite coin has been going through a consolidation period. The Green triangle pertains to the current consolidation period, and the red triangle would describe continued consolidation.
The red trend line, is being used as a pivot point. Which is used as support and resistance accordingly, and the green trend lines also describe support and resistance.
If the current consolidation period continues into the red, larger triangle expect a large movement in either direction as the price gets closer to the end of the red triangle consolidations period. This can happen at any point now, seeing as we have been in consolidation for quite a time now.
The red trend line, is being used as a pivot point. Which is used as support and resistance accordingly, and the green trend lines also describe support and resistance.
If the current consolidation period continues into the red, larger triangle expect a large movement in either direction as the price gets closer to the end of the red triangle consolidations period. This can happen at any point now, seeing as we have been in consolidation for quite a time now.
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