RifIIrce

RifIIrce

The instrument has formed clear local minima, behind which there is an accumulation of liquidity. The price is gradually being squeezed to the level, which is seen by the decrease in the highs. I am considering the formation of consolidation and an impulse short exit, followed by the withdrawal of liquidity, to the nearest imbalance zone.

RifIIrce

Litecoin went to the pit after halving. But here it has found its diamond and is preparing to turn around. We can see a strong and rare reversal pattern forming at this level. Perhaps there will be 1 more fake out of the lower boundary, but I think we will see at least a correction to the 0.5 Fibonaci level.

RifIIrce

We can see how the price after an impulsive uptrend corrected to the 0.5 Fibonacci level. At this level we see the interest of a big player and price manipulation. Equal lows were formed. After taking liquidity off these lows we can look at opening a long position to fill the price imbalance. There I will be closing part of the position and waiting for higher...