Is wave 4 over yet?
Updated
First time publishing!
Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on.
My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top.
Observations:
Welcoming any feedback on these thoughts.
Not trading or financial advice.
Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on.
My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top.
Observations:
- Daily RSI still has room to drop
- Daily MACD crossed over and the histogram is building to the red
- Wave 4 appears to be in "B" wave of ABC correction at the moment
Welcoming any feedback on these thoughts.
Not trading or financial advice.
Note
We just hit a low of $66 on Coinbase, very close to the .618 target. I believe with some decent volume we can start wave 5.I'm seeing signs of a reversal on the shorter time frames, target $105 area still stands.
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