In order to keep the uptrend from this point in time we must not break the red line (1), it therefore must act as a new solid support. The uptrend that starts from 38$ looks very steep though. We might get a chance for a cheaper buy at around 45, before we continue. Nevertheless, now seems like a good window of opportunity to start buying in with some parts of your capital
It feels to me like a triple RED wave is aprochinhing quickly. See my earlier big LTC chart, there you see a double green line going to the heavens in the center. This should have been more or less where I drew it now. Always keep track of you big wave count from micro to macro ! And please, look at somebody's old ideas before you follow. Lots of sun seekers and...
Still very long LTC target is new ATH :) good fundamental's great chart pattern and really over sold from panic days.
"Nesting occurs when a market produces a series of five wave impulse moves in the direction of the trend, but the waves clearly overlap.This certainly fails to comply with normal Elliott Wave requirements. However, instead of considering the action a failure or part of another correction, the proper count would be a series of 1-2-1-2's. Eventually, a powerful...
LTC has been a weird one chart wise up through this time. Bollinger Band analysis seems to provide the clearest insight into a potential pop. Note: Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box) BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement Look for...