If the triangle breaks up, the target projection is around usd 508, which is he same as the 1.618 projection. Let's see how this idea will work out.
Possible bullish flag scenario with minimum an maximum target depicted by the box, or could stop earlier at the 1.618 (blue line at 1.75 USD).
If it breaks upwards out of the triangle and passes the pink horizontal line, the potential target could be where the box is. Of course if it stays out of possible downwards movements of Bitcoin...
LTC currently in an ascending channel, with support on the 0.5 line and resistance at 0.618. If LTC manages to break through the resistance lines, my bullish projections are at 1.272 (around 430 USD), 1.414 and 1.618 (this is around 508 USD).
If it stays above the pink line, the potential downwards movement to 0.618 will not come into play...i think :)
My take on this, based on the break out from the pennant, the area in the box could be a possible target. Looks like the pennant has a pole, which makes the target point around 1.50. The break out from the pennant still needs to be confirmed on higher time frames.
Correction to 0.618, but not a strong recovery yet. Seems there is still room for correction to 0.786.
IOTA is trying to break the resistance that consists of a former support line and the 0.5 Fib retracement line.
This is my try to figuring out how this could play out. Retracement to 0.5, trying to climb up above 0.236. On the right possible target levels should there be a break out.
LTC is at the bottom of a upwards channel. Will it go up from here or correct further to lower Fib levels? Overall the market has been in correction mode since a couple of hours.
Hi, I am new to this. Just an idea. XRP is following this Fib projection target nicely. Zo next target could be 1.618 or even 2.618 (which is 1.37 USD).