InvestingScope
Short

Target hit. New Lower High rejection. Channel Down continuation.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
TP1 = 49.508 hit, before Litecoin was again rejected on a new 1D Lower High at 58.975, staying bearish within the Channel Down ( MACD = -2.297, Highs/Lows = -1.0257, B/BP = -7.5500). However the current Lower Low extension (black line) is creating a Falling Wedge until 45.00 breaks. On this break-out we will continue shorting with a new TP = 40.285. We will update if the 33.195 (September 15, 2017 low) needs to be pursued and on which approach.
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THank you for the posts......
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@AurieK, You are welcome. Your continuous support is greatly appreciated.
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