BitfulMind

#LPT, #Livepeer Triangle Breakout!

Long
POLONIEX:LPTUSDT   Livepeer / Tether USD
A quick look at #Livepeer (#LPTUSDT, #Poloniex, 4HR):

  • Price broke out the upper resistance of the triangle pattern .
  • Let's wait for a confirmation of S1 or S2. If confirmed, we could see #LPT explore higher grounds. If both fail, price might go back down to S3.

What do you think?

Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)

Thank you and Happy trading!

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Needless to say, this is not financial advice!
Trade closed: stop reached: We hit the stop loss. Too bad because we were sooo close to TP1. However, hopes are not lost: 1) the dip saw a lot of buying, 2) price seems to be resting on the EMA200, and 3) there is what looks like a RSI bullish divergence, a good sign for higher prices.