Short

Litecoin Faces Heavy Drop

Updated

With a bullish zig zag to start its macro wave structure, expect Luna to find support near $10.50 in a best case scenario.

Trade active

Fib suggests a move to $79 comes before the heavy chopper.

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Without breaking above $84, its lights out for Litecoin holders.

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Litecoin bulls attempted to escape the wrath to no avail. The ultimate reversal signal has come.

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to compare the top formation/signals shown on Luna before it became Luna Classic also known as the Luna-Bomber...

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Litecoin not primed for the drop just yet.

Trade active

if/when this plays out over the weekend, bears will enter capitulatory mode:

Trade active

Another potential melt face is upon us. Should buyers not hold support above the red lines, capitulation will come.

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Bulls are determined to defy the drop, for now...

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the drop can only be validated with a pump above $130.

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the diagonal, which could be the final move up, is a bit smaller than expected.
of the contracting and expanding diagonal wave types, this falls under the category of a contracting ending diagonal.

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If W5 isn't longer than W4 in price length, its "buy buy bulls"

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If W5 isn't longer than W3. Mistyped.

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Diagonal wave invalidated. Transitioning to a Triangle wave markup. PA should stay between the bottom of A and the top of B until Wave E finishes.

Signals the last wave in a trending move :)

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Pure bear divergence since early in 2017.

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The money flow indicator also reveals that sellers have been more active than buyers, since way back in December 2020.

Order cancelled

DigitalSurfTrading

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