LitecoinLong
BREAK OUT IS NEAR (EW : ABCDE correction end).
Updated
Hello everyone, good job for your patience holders.
Important prerequisites : BTC don't fall like a rock in the comings hours.
LTC is almost ready to break the triangle and reach a new high. LTC will finish the wave E of EW ABCDE in comings hours, i expect a strong bounce from here (between 240-230). There is some resistances (red lines) but the breakout should easily go over their in the comings days/weeks.
USA wake up could give us the volume we need for the break out.
MACD is ready to bounce.
RSI is more or less neutral.
Feel free to write your minds, constructive arguments of agreements or disagreements are always welcome.
Important prerequisites : BTC don't fall like a rock in the comings hours.
LTC is almost ready to break the triangle and reach a new high. LTC will finish the wave E of EW ABCDE in comings hours, i expect a strong bounce from here (between 240-230). There is some resistances (red lines) but the breakout should easily go over their in the comings days/weeks.
USA wake up could give us the volume we need for the break out.
MACD is ready to bounce.
RSI is more or less neutral.
Feel free to write your minds, constructive arguments of agreements or disagreements are always welcome.
Note
BTC have break his support around 12700$ area and falling heavy from here. ABCDE correction will be invalidated if BTC doesn't rebound soon.Note
Prerequisites failed, so... that's it. BTC Is the moon of coins.Trade closed: stop reached
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