Litecoin Faces Heavy Drop

تم تحديثه
With a bullish zig zag to start its macro wave structure, expect Luna to find support near $10.50 in a best case scenario.
تم فتح الصفقة
Fib suggests a move to $79 comes before the heavy chopper.
ملاحظة
Without breaking above $84, its lights out for Litecoin holders.

لقطة
ملاحظة
Litecoin bulls attempted to escape the wrath to no avail. The ultimate reversal signal has come.

لقطة
ملاحظة
to compare the top formation/signals shown on Luna before it became Luna Classic also known as the Luna-Bomber...

$1 Luna?
ملاحظة
Litecoin not primed for the drop just yet.

لقطة
تم فتح الصفقة
if/when this plays out over the weekend, bears will enter capitulatory mode:
لقطة
تم فتح الصفقة
Another potential melt face is upon us. Should buyers not hold support above the red lines, capitulation will come.

لقطة
ملاحظة
Bulls are determined to defy the drop, for now...


لقطة
ملاحظة
the drop can only be validated with a pump above $130.

لقطة
ملاحظة
the diagonal, which could be the final move up, is a bit smaller than expected.
of the contracting and expanding diagonal wave types, this falls under the category of a contracting ending diagonal.

لقطة
ملاحظة
If W5 isn't longer than W4 in price length, its "buy buy bulls"

لقطة
ملاحظة
If W5 isn't longer than W3. Mistyped.
ملاحظة
Diagonal wave invalidated. Transitioning to a Triangle wave markup. PA should stay between the bottom of A and the top of B until Wave E finishes.

Signals the last wave in a trending move :)

لقطة
ملاحظة
Pure bear divergence since early in 2017.

لقطة
ملاحظة
The money flow indicator also reveals that sellers have been more active than buyers, since way back in December 2020.

لقطة
تم حذف الأمر
altcoinsBeyond Technical AnalysisElliott WaveLitecoin (Cryptocurrency)LTCUSD

Join me on the waves, where its safe. discord.gg/QRPx6ShxMt

إخلاء المسؤولية