TradingView
miggles37
May 20, 2018 9:10 PM

LTC Possible breakout coming  

Litecoin / BitcoinBinance

Description

Quick look at 4h chart

-Looks like volume is stable and slowly consolidating

-Possible inverse HS awaiting completion, maybe

-Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above

-if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green support line

Probable outcome with BTC on the rise...

#newb

Comment

breakdown of the inverse HS along with falling out of the red wedge, we will now continue downward to test some support beneath represented in green lines.
More