LTC/KRW standard shit - will it keep it up
As the title suggests, you can see some longterm standard movements here in LTC/KRW . (similar to USD)
first - double top was pretty obvious, with a big correction to near 200,000krw around January
second - double bottom, obvious gain with the recommended increase in dosage.. double double
now - huge falling wedge/channel
It broke out but formed a rising wedge which, yes, could easily fall down to any of the bottoms of that double bottom if it breaks (and looks like it may break actually. getting pushed downward at that pink arrow
However, there is still a chance to break that wedge (it may depend on the BTC whales), though if it does we could see a huge LTC spike to 320,000krw (which will be hard to cross), and then finally 380,000 to 390,000
Fibbonacci levels and falling wedge/channel suggests this both.
We'll see.
Please comment with your own ideas or anything.
Thanks (i'm learning, this is for (my) education)
first - double top was pretty obvious, with a big correction to near 200,000krw around January
second - double bottom, obvious gain with the recommended increase in dosage.. double double
now - huge falling wedge/channel
It broke out but formed a rising wedge which, yes, could easily fall down to any of the bottoms of that double bottom if it breaks (and looks like it may break actually. getting pushed downward at that pink arrow
However, there is still a chance to break that wedge (it may depend on the BTC whales), though if it does we could see a huge LTC spike to 320,000krw (which will be hard to cross), and then finally 380,000 to 390,000
Fibbonacci levels and falling wedge/channel suggests this both.
We'll see.
Please comment with your own ideas or anything.
Thanks (i'm learning, this is for (my) education)
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