(LTC / USD to 36$ - SHORT) - long term trade

Updated
LTC lets see we have a completed 5 waves with a possible ABC down pattern. Within our downward channel, we have failed to break out over 3x on the way down.


I started my short near 118-121 so if u enter her be worry of a breakout of the channel if our pattern becomes invalid.
Note
major lines of supports matched with fibs as we see 65/ 35-40 are the real only strong areas. this pump will be reverted as we go down 1-2 weeks we will see 65-70 range also notice the lack of buying power to even make it out of the channel 6 touches all failed to exit.
Note
snapshot
Note
keep an eye on these levels as it falls snapshot
Note
updated wave

snapshot
Note
hard to see but the original orange lines were just to gage more or less when we finished a going into b / breakout after 82 region get ready for another massive fall
Note
snapshot
Trade closed: target reached
closed the other day low 30s can still happen original scale was supposed to be 6 day not 6 hr btw reason it looks funky lol happy trading
Technical IndicatorskrakenLTCTrend AnalysisWave Analysis

Disclaimer