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Bearish triangle

Litecoin (COINBASE:LTCUSD)  
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COINBASE:LTCUSD   Litecoin
Trend Analysis Chart Patterns Beyond Technical Analysis LTC LTCUSD LTCUSDT LTCEUR Litecoin (Cryptocurrency) litecoinusd litecoinusdt criptocurrency
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It’s not the bottom. Just another bearish triangle.
Ichimoku showing bearish trend.
Broken support that now acts as a resistance.
RSI oversold, so it has to “reset” by pumping a bit. As I can see, when it’s oversold, it pumps a bit, dumps deeper, and so on to keep resetting the RSI.
Komen:
Hi, there! I've seen the triangle has to be adjusted according to the new price and maybe it isn't a triangle but a flag. The previous price made me think it was a triangle. It will not go further than 126 - 127 dollars.

Sorry for this mistake.
Komen:
New update according to the new price level.

Trade carefully:).

Don’t get fooled
Komen:
I want to update the info because it resulted in a bearish flag more than in a bearish triangle. I don’t see LTC going any further since Stochastics is at the maximum level and it has to go down again.
Komen:
LTC is unable to get through the blue resistance. But if it does, it means it’s a clear trap and some people will lose their money.
I wouldn’t trade with this scenario, but as I always say, trade at your own risk and do what you consider to be right. :)
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