Latest LTC hypothesis - 140/150 or 230?
تم تحديثه
If LTC price action breaks the black line and closes a 4 hour candle below 173$, then the targets 140 and 150 will be in play. Until then, if LTC can maintain this current upward channel, we could see the end of the correction and a test of 217 and maybe 230.
ملاحظة
ملاحظة
LTC broke down from the channel.. if the black support line breaks, I have this as a general plan
ملاحظة
i sold at 171.50 and bought back in at 166. noticed bitcoin was testing bottom of flag/top of channel, aborted trade until BTC breaks down. if it does i can re-sellملاحظة
re-sold @166.50.. could see it coming.ملاحظة
triangles keep forming and breaking down
ملاحظة
there can be a rising wedge forming until LTC breaks the heavy resistance around 173, so i will become bullish on LTC and consider the correction over if LTC can break above that level
ملاحظة
if LTC breaks down the bottom of the wedge, we can see 140 ish as a target
ملاحظة
ملاحظة
watching for a breakout of this triangle to determine where the market may be headed
ملاحظة
so now we have good confirmation of a bull rally. watching the red line for good resistance. I still have this area as the top of the overall downtrend. if we can break above this line @ 182, then I will become bullish
ملاحظة
here we can see the big picture
ملاحظة
currently watching this triangle formation for breakout either way
ملاحظة
I think if it were to break down it could be double bottom ish at 137, possibly testing the rising blue trend line.ملاحظة
potential H&S gives a target of 137, testing the blue trend line as well at the same point. gives it credence. will continue to watch LTC for a breakout either way and be ready for either way as well.
ملاحظة
If the triangle broke up and polished off the inverses H&S it would form, we'd expect a move to roughly 215
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.