Second Impulse for LTC?

20 เม.ย. 2021

After completing a corrective phase LTC broke out its pennant and hit its target at around 300. After the Bitcoin dump this weekend, it could potentially be in Wave 2 of a new impulse, with the Wave 5 of the previous impulse acting as support so far. I do not have a Wave 3 target for a breakout but this weekend could have been a nice shakeout for the next leg up.

21 เม.ย. 2021

บันทึกช่วยจำ

Broke out of falling wedge. Too early to call it an IH&S but tentatively one could be forming now. Invalidated if right shoulder drops further with increasing volume.

21 เม.ย. 2021

บันทึกช่วยจำ

First attempt at breaking the neckline.

22 เม.ย. 2021

บันทึกช่วยจำ

Revised the IH&S based on price action. Neckline broke through on good volume, 320ish measured move. Still wary of Bitcoin dragging market down but for now LTC looks good.

23 เม.ย. 2021

บันทึกช่วยจำ

The Bitcoin puke has invalidated the IH&S, price action back at the trendline going back to Oct 2020 which so far has held. Cautious.

6 พ.ค. 2021

บันทึกช่วยจำ

Wave 3