LTC - falling wedge pattern.

2018年3月17日

LTC/USD is forming falling wedge pattern.

All in place:

**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)

Credit - Thomas N. Bulkowski


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This information is not a recommendation to buy or sell.

2018年3月18日

註釋

Touching support line

2018年3月18日

註釋

Wedge broken downwards

2018年3月18日

註釋

LTC/BTC broke massive rising wedge on daily chart. Be ready for drop to continue.

2018年3月19日

註釋

Back to the wedge. False breakout.

2018年3月20日

註釋

Touching resistance line. We are exactly 60% of the way to wedge apex - place where breakout usually happens.

2018年3月21日

註釋

Wedge broken.Now let's see if LTC reach oyr target 227$

2018年3月22日

註釋

Bullish flag

2018年3月22日

註釋

or early H&S

2018年3月25日

註釋

H&S turned to be descending triangle

Probably LTC going down