It appears that the storm is over. Let's see if LTC fares the weather, with 208 as her next target.
Comment:
Target 1 Reached :)
Comment:
TARGET 2 REACHED
Trade closed: target reached:
www.tradingview.com/chart/XyBOwZ5h/
LTCUSD hit two of my targets on the fibonacci trend extension. at this point there is recognizable bearish divergence on the RSI and STOCH. RSI.
From here I will look for reentry at around the 4hr; 50 ema zone at $200. this formation is comparable to a falling wedge, which is a very unpredictable pattern that often 'fakes out' before determining direction. Use caution when deciding reentry.
LTCUSD hit two of my targets on the fibonacci trend extension. at this point there is recognizable bearish divergence on the RSI and STOCH. RSI.
From here I will look for reentry at around the 4hr; 50 ema zone at $200. this formation is comparable to a falling wedge, which is a very unpredictable pattern that often 'fakes out' before determining direction. Use caution when deciding reentry.