meszaros

LTCUSD before rising 31%...

Long
BITFINEX:LTCUSD   Litecoin
LTCUSD before rising 31%. The colored rectangles in the analysis show the fractal sequences of the exchange rate movement. The red rectangles represent the correction sequences and the green rectangles the ascending sequences. The thin light green rectangle shows the maximum ATR distances that can be measured during ascent. The following conclusion can be drawn from the analysis. The exchange rate moves in a rising sequence. The ATR distance needed for the ascent has increased (second thin green rectangle) This means that when the ascent sequence repeats, such an amplitude can be expected. So the target price can be 56.72 usd.

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