Potential Targets .53 and .54 for end of Wave 5 if validated
$LTC has been the slowest amongst the Big 3 in terms of proportional breakout momentums. This analysis may seem macro level, but this is only a snapsht of a much larger trend reversal for Litecoin. This is a sub-5 wave sequence inside a much longer growth cycle. Wave 3 macro target: $412 Wave 5 macro target: $752 This post will age well. Here's to 2018.
Correction has been extremely bullish. After yesterday's most significant pullback since the 4/12 short squeeze, buyers are ready for re-entry. Wave 4 just beginning. I expect a .786 - 1.0 fib extension. Conservative: $10,132 Feasible: $10,300 Aggressive: $10,569
$STORM currently on an impulse subwave 5. Corrected relatively heavily on waves 2 & 4. After the bounce off the .618 it should be assumed that a .618 - .786 target is probable.
I'm listing an accumulation zone and a target area. XRP had an impulse 3rd wave as BTC broke out of its bullish triangle this morning. Wave 1 retraced to the .5 Fibonacci levels, so we could see Wave 4 anywhere between the .326 and the .786 levels. Target is a between a .786 and a 1:1 wave 3 extension. Stack accumulation buys and target area sells accordingly.
For my main count, hoping for a correction between 7620 and 7415 to accumulate before another impulse up starts. This is most probable. Indicators on all time frames show that they still SHOULD need to cool off before another significant upward move. If BTC corrects to this range and holds, targets are $8,250, $8,550, and $8900 for the full impulse wave. That...