LTC: Potential Breakout Imminent Within 24 Hours Long

Litecoin / DollarBitfinex

Description

⋅ Mar 3, 2018 7:38 AM

Observations:

After seeing more data, it appears the correction is still in play. However not as deep as previously anticipated.
Appears we are currently completing a Wave 2 correction that has formed an ABCDE symmetrical triangle.
Watch for Stochastic RSI to bottom out and curl back up for the breakout with significant volume to confirm the start of Wave 3.
With this assumption, it could breakout within 24 hours.

Disclaimer
For informational purposes only and not deemed as financial advice

Comments

Patchyq13

⋅ Mar 3, 2018 5:24 PM

I have the exact same chart.

modernpicasso

⋅ Mar 3, 2018 10:13 PM

@Patchyq13, Awesome! it's nice to see confirmation from others as well. Cheers!