LTCCNY 4H Count
Based on the size and strength of recent price movement it seems that we have completed a wave three of some degree. Additionally, a bear divergence has formed on the RSI signaling the end of a move; the width of the EWO tells us it was most likely a three. Here it has been labeled using (3).
Price requirements for (4) have been met, but there is a good chance to revisit that area once more before continuing upward to complete (5). Invalidation at price territory of (1), ~35.75CNY.
A break and close above ~55.47CNY puts price past one of the final major horizontal resistances before ATH.
Price requirements for (4) have been met, but there is a good chance to revisit that area once more before continuing upward to complete (5). Invalidation at price territory of (1), ~35.75CNY.
A break and close above ~55.47CNY puts price past one of the final major horizontal resistances before ATH.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.