LTCUSD at/near a TOP? Litecoin 3-drives ala Impulses done?
Chikun was leading the way for most of Crypto-wide bounce.
Lately it seems to be lagging and lethargic over the last week.
Such a strong wave up needs to retrace to build 'safe' trend.
I see 3 disctinct Impulses and subsequent waves.
Elliott would call it a 12345 (1,3,5 being up 2,4 down)
Others have called it a "3-drives pattern" for decades.
Impulse 1 lost influence after its 4.236
Impulse 2 lost influence after its 5.236
Impulse 3 may be topping at its 4.236
$ 62.62/77 has keys fibs from Impulse 2 and 3.
$ 65.48/50 has the formidable 9.618 of Impulse 1.
$ 67.26/21 could be the target of a "blow-off" top.
Green zones are preliminary estimates of support.
But once a down wave begins, I will have more data.
For now price action around each line is important.
We COULD get a new Impulse yet, so I will be watching for that.
Last run by Chikun DID get 4 Impulses, per this Idea (click here)
But all in all I am pretty convinced we are very near ''a top".
Lately it seems to be lagging and lethargic over the last week.
Such a strong wave up needs to retrace to build 'safe' trend.
I see 3 disctinct Impulses and subsequent waves.
Elliott would call it a 12345 (1,3,5 being up 2,4 down)
Others have called it a "3-drives pattern" for decades.
Impulse 1 lost influence after its 4.236
Impulse 2 lost influence after its 5.236
Impulse 3 may be topping at its 4.236
$ 62.62/77 has keys fibs from Impulse 2 and 3.
$ 65.48/50 has the formidable 9.618 of Impulse 1.
$ 67.26/21 could be the target of a "blow-off" top.
Green zones are preliminary estimates of support.
But once a down wave begins, I will have more data.
For now price action around each line is important.
We COULD get a new Impulse yet, so I will be watching for that.
Last run by Chikun DID get 4 Impulses, per this Idea (click here)
But all in all I am pretty convinced we are very near ''a top".
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.