apwy
Long

LTCUSD Long @ $179.32. Target $217 by March 17

BINANCE:LTCUSDT   Litecoin / TetherUS
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I see Ascending triangle , and possible start of new Motive Elliott Wave .

Resistance at $195 zone.

Seems to trace OK with the Fibonacci.

I could be totally wrong!! What do you think?
Comment: Looks like I am wrong.

It is now at $175, which is outside of the support line of the triangle.

I am thinking to stop loss at $172
Comment: Looks like the price did not fall below $172. I might have been a bit scared when it fell down to $175.

I think I will know with more certainty if this trade will work out by sometime late afternoon tomorrow.
Trade closed manually: I think this trade is dead.

The price did not spike up to $192 and test the resistance level, now it is down to $175-176 in sideways price action.

New Idea was posted today.

Still unsure if price will move up or down.
Comment: very wrong
Do you think this is still in play?
Reply
apwy Moum413
@Moum413, Yeah, i think it is still in play. it didn't drop down below $172.

I think we will know for sure by tomorrow at about 15:00 to 18:00 EST.

If it breaks down below $170, then for sure the Ascending Triangle did not work out.

What are your thoughts? Agree, disagree? Any feedback is always welcome. Cheers.
Reply
@apwy, i think it’s going down. Possibly in wave B of ABC 5/3/5 correction. First wave was 164-194ish.
Reply
apwy Moum413
@Moum413, interesting, that is certainly possible! Bear flag is also quite possible as well. I could be very wrong... I'm new at technical trading.
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@apwy, i see the ascending triangle but also a bear flag?
Reply
@apwy, try gooogle abcde flag bear market.
Reply
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