Lowerlow
XAUUSD 4HPrice approaching its descending trendline, Since price is in a downtrend making lower lows & highs, a lower high was made & I expect a potential rejection to the 61.8 region for a continuation to the downside for a new lower low to monthly support. Will be watching next week for a break or reversal candle to the zone its currently testing.
Happy trading!
BTC final correction target ~3657$ , opinions are welcome! I tried to break this whole correction down. In my final wave 5, subwave 3 would not be the shortest if subwave 5 hits target 1 and not 2, if wave 1 is longer than 3. If 3 is longer than 1 which I find hard to say with certainty, target ~3600 looks possible to me.
Many TA say we are going to 9k very soon, this would disprove my count but i'm pretty sure we won't pass 8700 until we go down again.
These are just my thoughts, i'm still learning and would love to hear criticism (either + or -)
Litecoin Short Term TA day 8We have been holding up in the 140 range for a while now which is good. If you take a look at my day 7 TA, you will see we went perfectly through my buy zone and went back up.
We bounced off of 137.1 twice so I have that as our current support and a good spot to place some buys. If that is broke then low 130's is next support. Our current short term resistance line is at about 151.50. If we can break that then 157.30 will be next followed by 160.
Litecoin is looking real healthy at the moment and is in a bullish trend. Breaking 150 will further confirm this.
I will keep an eye on this and update if needed. I have a busy day today so sorry for lack of information. Take a look at my previous day TA's of LTC and follow me if you would like to keep up with them.