Hello,
Litentry is fundamentally a very strong coin, and after the recent correction, I believe it has opened up opportunities for those who missed the recent to $12+
It bounced off very clearly off the 0.236 Fib level and that area is being help up as support very well, currently it is struggling to get past 0.382 Fibb level. Once the price breaks $9.5 there is no doubt we will see a push up to $11 immediately after. Price will move sideways now as bitcoin slowly strengthens, and moves upwards.
Any buy between $8.2 - $8.7 is a very good buy as I believe this coin will be slowly moving upwards from here on out.
News and reasons:
1) Litentry twitter feed:
Apr 18 - "Parachain upgrade testing. Partners with @CryptoArt_Ai@arpaofficial @zCloakNetwork. Parachain auctions preparation"
"Announcing our new partnership with @zCloakNetwork. We will work together to provide privacy protection for user identity data in Web 3.0"
2) TRIX indicator is pulling up on the 4hr candle, from the same levels as we saw around March 25.
The price movement around March 25th is very important because it is following the same patterns on the Daily (over sold levels, two big red candles down, followed by weeks of uptrend).
I will link a picture below in comments for you to see.
3) This fib level bounce off the bottom is the start of the somewhat bullish run up. This means it won't reach new ATH's but it will generate us enough profit to be happy. 8.2 - 9.4 is a very strong consolidation zone, and oversold zone.
TP @ every major fibb level drawn on this chart,
1st @ 9.47
2nd @ 10.49
3rd @ 12.9
and load up more every time we go below 9.5.
Trade closed @13.2
OR failure and drop below 7.5 - which has low probability.
Litentry is fundamentally a very strong coin, and after the recent correction, I believe it has opened up opportunities for those who missed the recent to $12+
It bounced off very clearly off the 0.236 Fib level and that area is being help up as support very well, currently it is struggling to get past 0.382 Fibb level. Once the price breaks $9.5 there is no doubt we will see a push up to $11 immediately after. Price will move sideways now as bitcoin slowly strengthens, and moves upwards.
Any buy between $8.2 - $8.7 is a very good buy as I believe this coin will be slowly moving upwards from here on out.
News and reasons:
1) Litentry twitter feed:
Apr 18 - "Parachain upgrade testing. Partners with @CryptoArt_Ai@arpaofficial @zCloakNetwork. Parachain auctions preparation"
"Announcing our new partnership with @zCloakNetwork. We will work together to provide privacy protection for user identity data in Web 3.0"
2) TRIX indicator is pulling up on the 4hr candle, from the same levels as we saw around March 25.
The price movement around March 25th is very important because it is following the same patterns on the Daily (over sold levels, two big red candles down, followed by weeks of uptrend).
I will link a picture below in comments for you to see.
3) This fib level bounce off the bottom is the start of the somewhat bullish run up. This means it won't reach new ATH's but it will generate us enough profit to be happy. 8.2 - 9.4 is a very strong consolidation zone, and oversold zone.
TP @ every major fibb level drawn on this chart,
1st @ 9.47
2nd @ 10.49
3rd @ 12.9
and load up more every time we go below 9.5.
Trade closed @13.2
OR failure and drop below 7.5 - which has low probability.
Comment:
Daily oversold levels (please look at around March 25 and the RSI levels)
Comment:
Those pull down and rise angle on the daily chart (drawn in orange) are the EXACT same angle and length. I did not change anything. You can see the cycle
Comment:
For those of you that have been following the GANTT chart for LITUSDT I posted, we have been following the lines exactly to chart. Take a look. And for the future, we are on the red path now.