nathanozaur-crypto
Giá lên

Litecoin about to break flag pattern, bullish move coming

COINBASE:LTCUSD   Litecoin / Dollar
After a big drop since the last week or so, Litcoin just hit a key resistance which indicates us that the trend has changed and went from bearish to bullish . Since it's beginning in the cryptoworld, litcoin has seen a beautiful rise. There are no indicator that tells us that it's rise is finished. We know that a crypto can't go up for eternity, it has to do retracements and this flag pattern is the perfect example of one.

If you look at my other analysis I posted earlier today on NEOBTC             , you can clearly see that a lot of currency that are linked in a way or others are doing a really similar pattern. This pattern is the exact same than what ethereum             did when it fell from about 400$ to 200$ before going back up to his higher price ever recorded.
. . .And it did
+1 Phản hồi
I think wave 5 takes us back down to retest resistance (mid 30's) in the next 2-3 weeks but I could be wrong.
Phản hồi
I sold at 53 today, I dont think its going to take off now. I think its going back down soon. I'm estimating tomorrow will be the main dip.
Phản hồi
nathanozaur2 CryptoFortune
@CryptoFortune, The only reason it dropped so low is because bitcoin fell, and since chances are bitcoin won't fall again like that because it was due to china's announcement, I seriously doubt it will drop lower than its previous lower low, it might drop a little bit when it will hit the trend, but i'm convinced it will eventually break to the uptrend and rehit his highest price recorded
Phản hồi
CryptoFortune nathanozaur2
@nathanozaur2, I agree. I think its going to make its way to the high 40's again and uptrend as well. It won't be 30's at all or even lower 40s. Guaranteed.
Phản hồi
it seems that your flag doesn't have a stick..
Phản hồi
@DDIMM, Isn't a flag's stick/pole called the mast?
Phản hồi
DDIMM mightytrader
@mightytrader, english is not my native )) so i have no idea )
Phản hồi
@DDIMM, No worries; I just learned the word and I am a native English speaker. It's sailor jargon, I believe. Which languages do you speak?
Phản hồi
@DDIMM, hey, you can't see it on the chart but it has one, a flag occurs when a price goes up and then retrace in a certain way, if the retracement is in a descending channel, which is the case here it is considered as a flag pattern. Now, LTCUSD is in a strong bullish trend since it's opening, which makes it its pole, and retrace in a which confirms the flag pattern
+1 Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp Website & Môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất