Bullish pennant pattern forming in the 30 minutes chart. If pattern succeeds I would say price would probably fluctuate around $4150-$4200 and break out eventually. Hard to say how far it could reach but I would say in the 4300-4350 range. Let me know what you guys think?
It looks like the First 3 legs of an Elliot Wave along with the first Move on a ABCD.
Price pulling back down the FIB would then put the D target price next in line.
If price pulled back past the (A) The move is dead.
If Price continues on the UPSIDE it would mean a continuation of the (3)rd Elliot Wave.
LTCUSD remains in short term bullish trend in the 4hrs chart(red line). The black line show strong support level around 47.65 level which is also the support of the short term green trend line. Bollinger band begins to show squeeze signal which means a low volatility level, possibly stays at 47-48 for a couple days and a continual pattern will be formed like the...
- possible trend decision timeline
->MACD's look like they are at a critical point aswell, after they have been in a tight range for a long time
-300$ has been a High with 2 big inverted hammers, signaling that the price was rejected quickly.
-we have had a quick run up to 316 and after bulls got exhausted we immediately dropped to 300, signaling another...