Long

Litecoin preparring for mark up in Phase D of Reaccumilation?

Zaktualizowano

Estimating that we are in Phase D of reaccumilation stepping stone and that we could fall back to the level where we jumped the creek (broke previous demand line) before a sign of strength and a mark up.

Uwaga

OK SO I was wrong about the phases again but I have learned!
I estimate that we are now forming the creek in Phase C.
This looks like Reaccumilation after Shakeout.
Reading that this is a pattern that exhibits strength.

Uwaga

I am still learning the condition during each phase so for now I have removed the indications.

Uwaga

After reading more I think I have the Phases right now.
Absorption at higher level reaccumulation with shakeout

Uwaga

There is a chance that I am wrong and that we find a sign of strength here to a mark up
but from what I am reading I think we will dip to strength at about $134
with chance to go lower to $130 or even $126 but that would be a spring which I strongly believe we will not see

Uwaga

Targeting $160 in my estimate but will be looking for a change of charactor to know when to react.

Uwaga

So far so good!
Looks like we have formed a flat top rising bottom pennant which from what i am reading
is Absorption at higher level reaccumulation with shakeout.
Estimating that we are entering Phase D and we will soon see a mark up that will test resistance levels.

KondrackiKarl

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