LTCUSD Long @ $179.32. Target $217 by March 17 Long

Litecoin / TetherUSBinance

Opis

⋅ 12 mar 2018 18:56

I see Ascending triangle, and possible start of new Motive Elliott Wave.

Resistance at $195 zone.

Seems to trace OK with the Fibonacci.

I could be totally wrong!! What do you think?

Komentarz

⋅ 12 mar 2018 20:09

Looks like I am wrong.

It is now at $175, which is outside of the support line of the triangle.

I am thinking to stop loss at $172

Komentarz

⋅ 13 mar 2018 00:37

Looks like the price did not fall below $172. I might have been a bit scared when it fell down to $175.

I think I will know with more certainty if this trade will work out by sometime late afternoon tomorrow.

Zlecenie zamknięto ręcznie

⋅ 13 mar 2018 16:53

I think this trade is dead.

The price did not spike up to $192 and test the resistance level, now it is down to $175-176 in sideways price action.

New Idea was posted today.

Still unsure if price will move up or down.

Komentarz

⋅ 9 kwi 2018 14:55

very wrong

Chart Patterns

Komentarze

Moum413

⋅ 12 mar 2018 20:57

Do you think this is still in play?

apwy

⋅ 13 mar 2018 00:36

@Moum413, Yeah, i think it is still in play. it didn't drop down below $172.

I think we will know for sure by tomorrow at about 15:00 to 18:00 EST.

If it breaks down below $170, then for sure the Ascending Triangle did not work out.

What are your thoughts? Agree, disagree? Any feedback is always welcome. Cheers.

Moum413

⋅ 13 mar 2018 00:49

@apwy, i think it’s going down. Possibly in wave B of ABC 5/3/5 correction. First wave was 164-194ish.

apwy

⋅ 13 mar 2018 01:03

@Moum413, interesting, that is certainly possible! Bear flag is also quite possible as well. I could be very wrong... I'm new at technical trading.

Moum413

⋅ 13 mar 2018 00:51

@apwy, i see the ascending triangle but also a bear flag?

Moum413

⋅ 13 mar 2018 01:12

@apwy, try gooogle abcde flag bear market.

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