EW - Primary : in wave 3 - Intermediate : wave 3 ending (if not one more wave up) Buy at retracement to 0.382-0.618 fib level - $0.295 - $0.320 Target 1.618 fib extension, previous resistance and support - $0.407
Reason to Long LTC - There is still one more wave, Minor 5th Wave going up - Golden crossover already happened in daily chart Entry Point : $75 - $83 - 0.382-0.618 fib level Exit Point 1 : $98 - Double top Exit Point 2 : $108 - Resistance level Stop Loss : $71 - Below laddering range
Reason to Long IOTA - Breakout of symmetric triangle - 4hr EMA fanning out - Daily EMA expected to have golden crossover - BTC bullish sentiments Entry Point : $0.327 - $0.349 - 0.382-0.618 fib level Exit Point : 4hr chart to have golden crossover - Combined with RSI, MACD analysis
EW Analysis: One more Minute 5th Subwave going up to complete Minor 3rd Wave Buy at $5350 - $5650 - 3.618 fib extension level - Resistance level Target $4750 - $4950 - 0.382 fib level - Daily chart 200EMA level - One degree smaller 4th wave retracement region
Interested to buy at $4725 - $4825 - Wave 4 retracement to 0.382 fib level (rule of alternation, wave 2 retraced to 0.5 - 0.618 fib level) - 200 EMA Support - One degree lower wave 4 retracement region Conservative target : $5300 - Double top Bullish target : $5600 - Resistance level
- Buy at wave 3 retracement to 0.382-0.618 fib level $0.327-$0.337 - Target 200 EMA, resistance level & log scale trendline resistance $0.37
- Ascending triangle forms in daily chart - RSI lower high; MACD hovering high, likely to fall down - Prediction : not likely to break above resistance, likely to test the trendline support one more time - Set up : Depends on candlestick analysis, short to trendline support - Set up : Go long if break above resistance - Set up : Short if break below trendline support