Looonngggg ways down, abc correction looks finished and its on its way up. If we manage to break resistance at 0.5 fib level we can see a good climb up back to $250-$260 zone.
if it breaks support at the bottom could potentially take us to $150 levels which is a good buy zone but I doubt it. Lets see what happens in January. Best of luck to you all
Gonna go through a slight 30% correction almost half finished. I full expect it to reach lows of $260 over the next 2 days and the bounce back up around the $400 region 4 days after that and eventually break that resistance and move forward. This is just based on previous trends I could be totally wrong but it's just an observation. Let me know what you guys think.
theres small pattern thats forming but I dont know if it means anything or not maybe you guys can give some insight. Seems like LTC likes to form a bullish rectangle and then quickly shoot up and then move sideways, currently we are in the sideways movement for the second time and starting to form another rectangle. What do you guys think??
Hello all this is my first public TA and I'd just like to see what you guys think. Please leave your thoughts and comments on my analysis below.
We can see that there is a strong support line and a strong resistance aswell creating a falling wedge. If it breaks resistance we could see a shoot in price if it breaks support then we go short.
As we've seen in the...