Hi guys,
I made a LTCUSD analysis on day-chart for long-term perspective.
We can clearly see that LTCUSD formed a symmetrical triangle and the breakout could occur within two weeks. The ABCDE Elliot wave triangle pattern brings us to say that the breakout would be a great bullish move until $450.
On the OBV chart, we can also notice a symmetrical triangle that indicates a change in volume soon. In the same way as the OBV breakout in December, I think we could have an increase of the volume.
Otherwise, if the breakout fails and results from an increasing volume with sell dominance, we could test $120 support.
Only the future will tell us !
Thank you for reading, comment below to share your point of view ;)
I made a LTCUSD analysis on day-chart for long-term perspective.
We can clearly see that LTCUSD formed a symmetrical triangle and the breakout could occur within two weeks. The ABCDE Elliot wave triangle pattern brings us to say that the breakout would be a great bullish move until $450.
On the OBV chart, we can also notice a symmetrical triangle that indicates a change in volume soon. In the same way as the OBV breakout in December, I think we could have an increase of the volume.
Otherwise, if the breakout fails and results from an increasing volume with sell dominance, we could test $120 support.
Only the future will tell us !
Thank you for reading, comment below to share your point of view ;)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.