River-crypto
Long

LTC short term higher high

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC might be a good one to long here.... I had this originally charted as an X wave and its currently showing bullish hidden divergence (or continuance divergence) which makes me think we might end up getting 5 waves up here and a short term higher high.
Perfect A wave leading diagonal , extended C on the B wave... looks good to me
My target would be $69 and we need to see some bearish divergence on the 4 hr before it starts heading down again x

Comments

Question on the rsi I de the 1st 2 connections as bullish divergence but that last 3rd long connection shows lower low than previous connections although it could change still if prices go up how does that show bullish or continuence as u say. If u could share some knowledge on that please thanks
Reply
@mydata915,
As long as we maintain above the previous low, the continuance bullish divergence will remain. we havent yet had bearish divergence with this wave set on higher time frames which leads me to believe this overall wave (being ABC) isnt yet complete. If we do break lower, I will assess the possibility of a flat correction.
Reply
@mydata915, Just to clarify, both divergences are bullish, one is regular, the other is hidden or otherwise known as continuance divergence.
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