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Litecoin LTCBTC - Bearish Pennant

Oleh Oops_I_Charted

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Short term trade

Nota

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I think we're close to the bottom if not at the bottom - stochastic is floored on most timeframes including 1d, I'm starting to see divergences on lower time frames, big divergence on the 1d.

Getting lots of buy signals on the 5-30m charts.

There's also a major trendline we're about to touch, will post a pic of that next

Nota

Here's that trendline we're getting close to:

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I wouldn't be surprised if we had one more kick down to 0.0135 or 0.0130 just to really test that fibonacci level, but I'm closing my short here anyway

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Pretty sure we've hit bottom:

Nota

Still think we've just about hit bottom but there's a new pennant forming so this is what it looks like to me currently:

Target should be around 0.0125ish if it plays out, then I'd expect it to try to break out of the top of the wedge... let's see

Oops_I_Charted

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