Had a nice bounce off of the 50% Fib Retracement and seeing movement back up to higher trendline, perhaps an incoming breakout on this 4hr Bull Flag if volume increases ? $82 is the target. Just an idea
LTC has bounced nicely off of the 50% retracement level and currently ranging in the 38.2%.STOCH on the 30 Min and 1 Hour charts are now in undersold conditions. On the 4 hour, Stoch is cooling off and RSI is still strong. Would expect another strong move from LTC within the next few days after one more bounce off of the $260 mark trend line. 1.618 Fib Extension...
Looks like we have a nice Ascending Broadening Wedge forming on the 30 min chart. We can see it touch the support and resistance line 3 time each. The last three Fib Extensions within the wedge all touched the 1.618 level on the swing up. Thinking we can reach the upper wedge resistance line or 1.0 Fib Extension at $200 + ( Resistance Point) by the end of day...
Hello Everyone,
It looks like LTC is about 2 days off from completing a TD Sequential Count and just about to turn to the upside on the Daily. As mentioned below, LTC indeed corrected to the 61.8% Fib level and closed at $281.6 -$.40 cents off our price target of $282. ADX on the Daily is still above 25 indicating a very strong trend and the DI+ ( Green) is...
First post, please take it easy on me. I'm thinking we see a correction soon perhaps down to the 61.80% Fib or $282. Stoch is oversold and looking to sell on the daily and the MAC DEMA has also changed to red. OBV is dropping and looking to switch soon. Sold my first ever position at 49% profit and waiting. Not praying for Moons just happy that there is a decent...