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rickyricardo531

LTCUSD --- Patiently Waiting

Long
Litecoin (COINBASE:LTCUSD)  
rickyricardo531 Updated   
COINBASE:LTCUSD   Litecoin
Trend Analysis Chart Patterns
2
1
trendanalysis chartpattern
Cleaned up the chart and just left the last leg of the Elliot triangle wave (D-E). There are 2 fib traces: 1) Overall high/low 250$ to 100$ 2) Previous high/low of 165$ to 109$

Slow and steady. Patience.

Not financial advice.
Comment:
Zoomed out and added the green dotted support line. Will we break down? or up? This support has previously shown to have a pretty good upward bounce effect; lets see if it plays out again.

If not, just have to wait more; alot of good things happening fundamentally for BTC and LTC. Yea, I can go trade other coins that are more volatile, if and when I have that kind of disposable income to risk I will. For now, its the safe fundamentally strong coins.

This is not financial or trading advice, just my thoughts and opinions.

snapshot
Comment:
Gann Fan applied. I only did the leg up. Ill trace the leg down once theres confirmation of a drop.

Gann fan is holding true and predicted the support line well. Lets see how it holds.

snapshot
Comment:
Ichimoku is showing a bull signal
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