It’s just an idea, so don’t trade according to what I think will happen. I’m not responsible of your actions, but if you earn money, I want the 50% of your earnings. ;)
Alright, I can see an ABC downtrend pattern that will dump LTC very deeply. As you can see, there’s been a triangle (in blue) that has been broken after the ABC bounces.
There’s a red channel following the same pattern, but since it’s a channel and not a triangle, it may bounce one more time to complete the ABCD pattern before going down.
Another possibility could be it’s completing the ABCDE pattern, in which case, it would go up again after going to maybe $40 - $50?
Time will tell us.
Trade carefully.
;)
Alright, I can see an ABC downtrend pattern that will dump LTC very deeply. As you can see, there’s been a triangle (in blue) that has been broken after the ABC bounces.
There’s a red channel following the same pattern, but since it’s a channel and not a triangle, it may bounce one more time to complete the ABCD pattern before going down.
Another possibility could be it’s completing the ABCDE pattern, in which case, it would go up again after going to maybe $40 - $50?
Time will tell us.
Trade carefully.
;)
Nota
The analysis is still valid.After breaking the support (in blue), you can see LTC is forming a bearish triangle, what will drop the price of the coin. It’s just a pause during a downtrend.
Nota
After some research, here I have the same idea with the unexpected pump.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.