LTCUSD 2H
Hey guys, as you can see we have currently have a head&shoulders within the correction of a larger degree. I assume the current move we're in to be wave c of 2 or B. So once, price breaks the h&s to the downside and heads down to marked zone ($170-160), we might get a very high probability trade. Do definitely not miss this one. The minimum target is the $290-310 area. So unless we don't get an AB=CD, I even expect the next impulse to take out the minimum target. In this case, we might see an increase till $340-350ish.
Hey guys, as you can see we have currently have a head&shoulders within the correction of a larger degree. I assume the current move we're in to be wave c of 2 or B. So once, price breaks the h&s to the downside and heads down to marked zone ($170-160), we might get a very high probability trade. Do definitely not miss this one. The minimum target is the $290-310 area. So unless we don't get an AB=CD, I even expect the next impulse to take out the minimum target. In this case, we might see an increase till $340-350ish.
Comment:
Price is nearing the buy zone. Heavy confluence for a buy between $168-162.
Comment:
Buy zone has been hit!
Trade active:
Targeting $290-310
Trade active:
Just accumulated more. I see a very low risk opportunity, with the worst case being a dump till $140 area - but also a chance that we might(!) bottom soon. Panic is increasing & sentiment is heavily bearish. Taking a contrarian approach and looking at key levels, it means for me that this might be a good time to buy more. Play it safe!