LTC/USD is forming falling wedge pattern.
All in place:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
Credit - Thomas N. Bulkowski
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
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This information is not a recommendation to buy or sell.
All in place:
**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)
Credit - Thomas N. Bulkowski
IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT.
DON'T BE TIGHT - GIVE A LIKE
This information is not a recommendation to buy or sell.
Nota
Touching support lineNota
Wedge broken downwardsNota
LTC/BTC broke massive rising wedge on daily chart. Be ready for drop to continue.Nota
Back to the wedge. False breakout.Nota
Touching resistance line. We are exactly 60% of the way to wedge apex - place where breakout usually happens. Nota
Wedge broken.Now let's see if LTC reach oyr target 227$Nota
Bullish flagNota
or early H&SNota
H&S turned to be descending triangleProbably LTC going down
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.