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LTCUSD has a shot at 51.65 : Litecoin Fibonacci Fractal?

5 336
Last wave up LTC went 3.236 > 1.236 > 4.236.
This time 3.236 touched even more optimistically.
Hopefully it will bounce above the 1.236 this time.

Note
Sorry for lack of updates. Currently looks like 45 then 43 possible retrace points snapshot

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Trade closed: target reached
Nice! target hit, am out for now. snapshot will prolly go higher, but any remaining gains will be "high risk" imo so will not chase. Now will look for retrace to buy back

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Note
So now that we are pulling back for the target, I drew a fib (red) on the first apparently impulse down snapshot and that fib's red 2.681 lines up perfectly with the green 3.618 from fib up, around 48.40. So taht will be first price of interest. But as retrace continues (if it does) I will keep evaluating the red fib's origin (sometimes the initial impulse is just a small wave of the true complete impulse).

But am thrilled that Fibs once again have proven to be amazingly precise in predictive nature!

Fibs dont Lie! and thus the Golden Ratio being my Religion.


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EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
FibonacciSupport and Resistance

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FibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.