Discounted LTC on horizon. If price will stay in wedge and reach bottom line once again we all can benefit from that price drop and buy LTC for as 104$ per one. All we need is BTC to drop to 6 or 5K and we all will be happy.
However if we experience partial rise and price recover and break top trend line at 155 level - well that is probably not gonna happen so no point wasting space.
Here are stats for falling wedge:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
However if we experience partial rise and price recover and break top trend line at 155 level - well that is probably not gonna happen so no point wasting space.
Here are stats for falling wedge:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
Comment:
1 day later - still fighting support
Comment:
105$ is coming. Cup and Handle formation confirmed with average drop 24% exactly at support of 105. If You didn't liked this idea please support me and like it now. It means more than money to me.
Comment:
Bearish flag