Litecoin Faces Heavy Drop
Updated
With a bullish zig zag to start its macro wave structure, expect Luna to find support near $10.50 in a best case scenario.
Trade active
Fib suggests a move to $79 comes before the heavy chopper.Comment
Without breaking above $84, its lights out for Litecoin holders.Comment
Litecoin bulls attempted to escape the wrath to no avail. The ultimate reversal signal has come.Comment
to compare the top formation/signals shown on Luna before it became Luna Classic also known as the Luna-Bomber...
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Litecoin not primed for the drop just yet.Trade active
if/when this plays out over the weekend, bears will enter capitulatory mode:Trade active
Another potential melt face is upon us. Should buyers not hold support above the red lines, capitulation will come.Comment
Bulls are determined to defy the drop, for now...Comment
the drop can only be validated with a pump above $130.Comment
the diagonal, which could be the final move up, is a bit smaller than expected.of the contracting and expanding diagonal wave types, this falls under the category of a contracting ending diagonal.
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If W5 isn't longer than W4 in price length, its "buy buy bulls"Comment
If W5 isn't longer than W3. Mistyped.Comment
Diagonal wave invalidated. Transitioning to a Triangle wave markup. PA should stay between the bottom of A and the top of B until Wave E finishes.Signals the last wave in a trending move :)
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Pure bear divergence since early in 2017.Comment
The money flow indicator also reveals that sellers have been more active than buyers, since way back in December 2020.Order cancelled
Join me on the waves, where its safe. discord.gg/QRPx6ShxMt
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