The structure looks like it's forming a large inverted head and shoulders pattern on the higher timeframe, and the price is slowly trending back towards the neckline area again. That area around the breakout level is super important right now.
What stands out is how long this structure has been building. Major reversal patterns that take months to form usually don’t result in small moves once momentum returns. The longer the consolidation period, the stronger the expansion that can occur.
However, I’d prefer to see confirmation above the neckline before getting too aggressive. If it holds cleanly and breaks out from here, it could pave the way towards the larger resistance area shown in the chart.
If the bulls continue to dominate, $LITE could become one of the strongest reversal charts in the long term in the next phase.
Click below to take the trade#WhiteHouseShooting #TrumpSaysIranDealLargelyNegotiated #VitalikReveals90PercentWorthInETH #AaveCEOCriticizesTVLValuation #FedMinutesSignalPolicyShift
What stands out is how long this structure has been building. Major reversal patterns that take months to form usually don’t result in small moves once momentum returns. The longer the consolidation period, the stronger the expansion that can occur.
However, I’d prefer to see confirmation above the neckline before getting too aggressive. If it holds cleanly and breaks out from here, it could pave the way towards the larger resistance area shown in the chart.
If the bulls continue to dominate, $LITE could become one of the strongest reversal charts in the long term in the next phase.
Click below to take the trade#WhiteHouseShooting #TrumpSaysIranDealLargelyNegotiated #VitalikReveals90PercentWorthInETH #AaveCEOCriticizesTVLValuation #FedMinutesSignalPolicyShift