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If not back into the channel again then ltc is in real trouble.
Possible move up to 700sat
As long as stays inside the orange lines stay aside...the breakout will be probably fake and strong reversal will follow...stay tuned!
After breaking out the recent consolidation triangle, price retraced back to test the apex, and its expected to move up again at least to the 7k target. Stay tuned!
ARN is consolidating in a triangle right now, volume is diminishing so a breakout is expected soon. We favor a rally at least to 11.5k sat. Stay tuned!
This is what the bulls hope, I repeat this is WHAT THE BULLS SEE, NOT ME...I dont believe this will happen again, so the dump will be epic.
No of course, as you see the correction is typical after this kind of sell off, before 4-5 months it was at $1 and went down to $0.25, so I dont understand the hype, as we see this corrective move has not even reached the 1st fibo at 38%...So at 0.52 level there are multiple and strong resistances that are gonna pause this "rally" at least for now...
I think its time for a break, with this move xrp has discounted all the good news that had recently, regarding Saudi bank adoption etc. Time for at least 10-15% correction, several strong resistances hit in this move. stay tuned!
This quote describes exactly the situation in this case. Bulls see the current chart as a reverse head and shoulders forming, that will lead us to 6800, bears see the consolidation triangle that will break down and lead us to 5700...pick your side in the comments pls!
If we analyze the data this year, BTC after big faling weeks, with more than $1000 drop, the week that followed was at least the same size. So according to this observation a $1000 drop might be coming...I know that everytime is different and history doesn't always repeats it self but lets see this time! Please comment below to have a constructive dialog.
After hitting support, there is room to the upside for LTC, lots of good news coming out next week, the most important is the annual LTC conference so we expect to reach at least previous resistance area just above $90. Stay tuned!
As we see in the "ending diagonal scenario" the current situation fits more than perfect. We are now in the wave 2 of the new impulsive mega cycle wave up! Wave 2 have the characteristics that we are currently seeing now, violent corrections of previous move,wave 1. The only condition is reversal at current levels and then fast move up above 7500.
I know might ...
As we see historically doge trades in a range of 30 to 80 satoshi. So now we can take profits and move to another project, or keep the btc and start buying lower as we approach the lower support zone. You can see more in=depth analysis in our video here
This has been left behind this mini rally, we expect to fly soon, lots of good news expected for September, banking license, cards, etc...
Because if it is the 330 will come pretty fast...
Multiple resistance areas hit...retracement is imminent
See the video and pls comment!
After hitting the big resistance zone, expect a minor retracement.