Ending diagonal in formation -- High risk of a price drop

2 Oca 2021

LITECOIN has reached an area to complete wave 3. I mapped out the wave count for this wave. It ends in an extended wave 5 that ends in an ending diagonal. Per Elliott wave theory, and ending diagonal signals a heavy drop -- down to the wave 4 of lesser degree (circled). I see limited upside and higher risk to the downside. Invest carefully.

2 Oca 2021

Not

[IMG][/IMG]

support and resistance levels