- Litecoin is at the all time low of the last two years.
- Has been in a downward wedge for the last year.
- under all moving averages on the daily.
- Make no mistake It is weak.
- Currently at a double bottom at 0.004041 and A wave
- Could go a little lower to hit the bottom of the wedge and make a final C wave.
- Expecting a bounce off the bottom of the wedge.
- It should hopefully start a new 5 wave structure up.
- It should at the very least test the top of the wedge for a 15% rise.
- Then we have to wait for confirmation of a break of this wedge structure.
- Note also falling volume and falling price is also bullish.
- A bullish divergence on rsi formed - higher lows on rsi and lower lows on price.
As always trade at your own risk and have proper risk management.
- Has been in a downward wedge for the last year.
- under all moving averages on the daily.
- Make no mistake It is weak.
- Currently at a double bottom at 0.004041 and A wave
- Could go a little lower to hit the bottom of the wedge and make a final C wave.
- Expecting a bounce off the bottom of the wedge.
- It should hopefully start a new 5 wave structure up.
- It should at the very least test the top of the wedge for a 15% rise.
- Then we have to wait for confirmation of a break of this wedge structure.
- Note also falling volume and falling price is also bullish.
- A bullish divergence on rsi formed - higher lows on rsi and lower lows on price.
As always trade at your own risk and have proper risk management.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.