Younez

Younez

This is my view on Litecoin. lets see if we can hold the 0.382, this would be very bullish. If so we might make a 3rd impulse wave upwards if we dont fail on the way up.

Younez

I got a pretty clear Elliot wave count so il be trading accordingly. Il be placing buy orders at the green box as we retrace for the C wave to complete the big wave 2. I hope we can breakout at the red box this would confirm wave 3. Target: could be at 134$ range because of resistance. Lets hope the bulls got that power!

Younez

If we close above 3420 we might be getting bullish as we cannot retrace 100% of wave 1, this would make my count incorrect (note; it might be diffrent on other charts)

Younez

If we can't show any bullish signs we wil repeat history! We are at a critical point as you can see previously we could not go above the blue 50 hour EMA, as long as we can't break it with conviction we wil probly go down. Goodluck! Use a tight SL!

Younez

This is my updated analysis. I think we wil repeat hystory and wil move down to the 200 Day MA in a couple of hours. We have been running out of volume for a long time now.. a big move will come, hopefully first down then up with alot of conviction so we get out this bear market at last.

Younez

As seen in previous eliot wave structure we failed at wave 3 - 4 that made us go down. As you can now see we have failed again at the 3rd wave, the 4th wave does not hold above wave 2 ... we might go down again :/ What you guys think?

Younez

Im still long with a tight SL > hoping for that 5th wave finishing the 3rd wave... time will tell Goodluck evryone.

Younez

Im waiting for a breakout above the green box then il be going long in a bigger position. Goodluck evryone.

Younez

> bounce to 3800 for a dead cat bounce to finish the X wave of the WXYXZ then retrace back to Z time will tell.