connorzz10

connorzz10 Updated 

Should see a nice run up. Fib support levels are strong and an obvious trend correction should come into play. I will look to cover in the $530 range.

connorzz10

Severely Oversold conditions, lots of buyers stepping in at $450. I think we will see a move to the upside after this past ABC correction, then we will probably head for new lows.

connorzz10

I think we will see a move back down to the $350-400 levels based on the chart right now.

connorzz10

It's simple. If this plays out I will enter on the bounce.

connorzz10

Simple. A bounce off the neckline or a strong push through it would be the only long position i enter at this point.

connorzz10 Updated 

What if?

connorzz10

Corrective wave 1 equals corrective/impulse wave 5 in most cases, if that's any use in this situation its looking like a move towards $450 is coming sadly. Or a possible bounce at the price levels we're at now. Fib levels help this assumption.

connorzz10

The LTC chart is a perfect descending triangle indicating a bearish continuation at the macro level. The price level being tested is VERY important. This is a good representation of the overall crypto market. A rebound to the $120 range would trigger some serious buyers.

connorzz10

Entered a position at 604.00 with a tight stop at 594. There was about 20,000 ETH volume that was sold last night within an hour period that was bought up pretty quick. Price action looks - Good Pattern - Pennant - Good

connorzz10

Visual representation of support and resistance zones.

connorzz10

I'm not long until the wedge is broken through with strong volume. Stop will be below upper trend line. Possible for a continuation through this wedge. Will be looking to size into a large position upon confirmation.