rigorocks
Long

11/2 1 day chart time load up on litecoin?

COINBASE:LTCUSD   Litecoin / U.S. Dollar
litcoin here has hit the 89.3 fib level while inside this wedge . there are 5 clear elliot waves to the bottom of the wedge . daily rsi divergence followed by macd divergence will allow for this to be categorized as a longterm LOW risk trade. with a stop under the 89.3 fib range makes for a good setup. i have shown you guys this setup in previous charts and it works well.i have personally been accumulating litecoin at this $48-$52 range for a little while now. it would seem this could be a bottom for litecoin. if im correct here ill add to this swing position at wave 2. we saw a macd cross to the upside on the weekly chart a while back.if there ever was a time to see a bull move then this is it.

as with other assets. if i see a drop to an 89.3 percent fib level. im getting in that trade.

thanks guys and gals good luck trading

rigo
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out