Is wave 4 over yet?

18 Şub 2020

First time publishing!

Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on.

My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top.


Observations:

• Daily RSI still has room to drop
  
• Daily MACD crossed over and the histogram is building to the red
  
• Wave 4 appears to be in "B" wave of ABC correction at the moment
  

Welcoming any feedback on these thoughts.
Not trading or financial advice.

20 Şub 2020

Not

We just hit a low of $66 on Coinbase, very close to the .618 target. I believe with some decent volume we can start wave 5.

I'm seeing signs of a reversal on the shorter time frames, target $105 area still stands.