"Pumped my gas and now waiting for the green light" LTC/USD
Ladies and gentleman,
Welcome again to the center of knowledge, let's jump right in !
As you can see here if you have been a follower you would have 60% profit since my last post. So if you haven't follow yet you are stepping on real money ! According to my last chart I predicted the date where LTC will change its path however, I would not yet say that we are out of the bear market. We will be out of the bear market as soon as my analysis becomes true.
If you at the graph, I have established a new appearing support line in (thick green) and this line shows a great support and good inclined path for the bull run. As you can see from our last rally, there is a steep increase which represents our pole for the bull flag and a normal consolidation that would later on represent out flag. I would not 100% confirm if its a bull flag but the butterflies in my stomach are saying other wise. Our MACD is straight strong and we are still about 20 EMA. Thus, I 70% confirm a bull flag.
I wouldn't place an order yet until I see a confirmed breakout, Don't trade the trend, wait for the break out about our upper flag barrier.
Now, what to expect from the bull flag? an increase that is equivalent to the steep increase of the pole itself ! which will drive our current price to around $285-$303.
*All trading analysis are solely a showcase of personal education and trading advice, please act accordingly and trade wisely.*
Follow the money, Follow the Ramimns ;)
Welcome again to the center of knowledge, let's jump right in !
As you can see here if you have been a follower you would have 60% profit since my last post. So if you haven't follow yet you are stepping on real money ! According to my last chart I predicted the date where LTC will change its path however, I would not yet say that we are out of the bear market. We will be out of the bear market as soon as my analysis becomes true.
If you at the graph, I have established a new appearing support line in (thick green) and this line shows a great support and good inclined path for the bull run. As you can see from our last rally, there is a steep increase which represents our pole for the bull flag and a normal consolidation that would later on represent out flag. I would not 100% confirm if its a bull flag but the butterflies in my stomach are saying other wise. Our MACD is straight strong and we are still about 20 EMA. Thus, I 70% confirm a bull flag.
I wouldn't place an order yet until I see a confirmed breakout, Don't trade the trend, wait for the break out about our upper flag barrier.
Now, what to expect from the bull flag? an increase that is equivalent to the steep increase of the pole itself ! which will drive our current price to around $285-$303.
*All trading analysis are solely a showcase of personal education and trading advice, please act accordingly and trade wisely.*
Follow the money, Follow the Ramimns ;)
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