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LTCEUR trade ideas

Rising WedgeLooking at the chart in a one hour view we can see a rising wedge forming, normally this results in a downturn in the price, and with lack of volume its possible that we move down from this formation. But as always ETH is tied with BTC, so we have to watch both to understand were we are to go. Its a wait and see game as normal but we have broken the down trend from the ATH and moving up. If we zoom out to a daily view we can see the formation of an inverse Head and Solders pattern , which normally means we go up. We have tried to break the Fib level of 0.38 ( the white line) at least four times but what is missing is volume. So next we should move back up to the top of the wedge round about 30.31, that is if we break the 0.38 Fib level. Just an analysis and not trade advice, still learning Please like, i need them so i can comment on others ideas. Wolf
by Wolfskoll
LTCEURI don't mind butterflies in nature, but in TA they look really nasty to me. There are a lot of preconditions to be fulfilled if this is to become butterfly pattern, but as we can see from yellow marked area, that this can happen in matter of one 4H candle. First, LTC should't rise above point C. Secondly, both supports marked red will have to get broken, together with not so powerful support line from previous two lows. And then we could count on this scenario to happen. Point D is far away of being defined, for now I have this green range in mind. Let's wait and see. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
by rludvik
This is not the bottomI’ve seen a lot of people calling for a bottom at this point. I can’t see the bottom here. This is just another of the false double bottoms LTC is drawing. You can see a smaller one just above this one. As I can see in another similar correction, LTC is about to reach it, but will do it in some months. 1.2 Fibo is a key zone, and to be honest, I can’t see LTC going up from here, in the middle of 1 and 1.2. Let’s see how it plays out. If it’s a good fractal, the bottom is at 20 Euros. Charlie Lee was right calling for LTC going to 29 dollars. Check fractals: This is not financial advice. This is just an idea and I’m not responsible of your actions. Have a good day :)
by Andbcoin
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