LTE Downtrend Channel - I was wrong, but I was right. It's close
My last chart on LTE was wrong, but right. My first guess was that we were days away from the big run. But the chart I drew was not correct. The channel does not start from the previous high. It starts after the 2nd high, after that last ATH. When you look at the new channel indicated here, it takes us back to my original prediction that the breakout would occur sometime in the next day or two, maybe three.
I don't think we will touch the bottom of the trend line, because it would violate the support level just below $220. For that reason, I see a small dip and then a run. From what I am hearing on the rumor mill, and looking at the analysis from other super techies, it's very close. I like to keep it simple, and not over-analyze things. It's not wise to overdo it, in my opinion. There are just too many factors that can mess up the tracking in a chart. So the simpler, the better.
I bought a little more Litecoin, but I messed up. I wired a nice amount of money from my bank account to Coinbase today, but it won't settle until next Thursday. I think it will be too late. But we'll see.
Thoughts? Opinions? Input?
I don't think we will touch the bottom of the trend line, because it would violate the support level just below $220. For that reason, I see a small dip and then a run. From what I am hearing on the rumor mill, and looking at the analysis from other super techies, it's very close. I like to keep it simple, and not over-analyze things. It's not wise to overdo it, in my opinion. There are just too many factors that can mess up the tracking in a chart. So the simpler, the better.
I bought a little more Litecoin, but I messed up. I wired a nice amount of money from my bank account to Coinbase today, but it won't settle until next Thursday. I think it will be too late. But we'll see.
Thoughts? Opinions? Input?