LTC: Short Term Target $235 Completed / Re-entry at $180-190
Updated
Observations
Disclaimer
For informational purposes only and not deemed as financial advice
- Clearly broke out and confirmed its impulse wave up.
- Currently finished Wave 3 and looking to correct during Wave 4.
- Per Elliott Wave Theory, if 2nd wave retracement is minimal, then 4th wave retracement will be much larger.
- In this scenario, the 2nd wave retraced to 0.382 fib. As such, we expect 4th wave retracement to be as much as 0.618 fib.
- Keep an eye and look for a possible entry point between $180-$190 range. Stack your buys to minimize risk and set a stop loss.
Disclaimer
For informational purposes only and not deemed as financial advice
Note
Looks like it is about to finish its correction Wave 4. I would look to possibly enter around $190-$200. This coin is quite bullish at the moment and does not want to retrace too much!
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