Following yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming.
Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders.
As price action nears the...
LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action.
I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing.
If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below...
SC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets.
However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the...
LTC has formed the strongest and most assured breakout pattern - the Parabolic Breakout and Symmetrical Triangle - with a breakout target of $600. This parabolic breakout pattern represents some of the largest gains possible.
A successful breakout is almost guaranteed - failure is rare and most often occurs between 50% and 75% into the contracting wedge....
RDD has formed a rounded bottom and has moved through the .5 and .382 Fib retracement levels.
It is currently moving toward the .236 level at 159 and could retest the 197 level.
For target trades check out this related idea
This is my first idea.
LTC broke out of its downtrend on 12-31 and moved upward in a rising wedge to form a rounded bottom reversal.
LTC then fell out of the rising wedge trading down to a low of 244.5 and in the process of doing so has formed bullish falling wedge.
LTC is now looking to break out of the falling wedge with a rise above 253 and and then head...