💎LQTY has recently displayed noteworthy market dynamics, with a two-week consolidation period observed around the demand area.
💎 Today, there is a notable bounce in momentum, signaling a probability upward movement toward the resistance trendline of the descending channel pattern.
💎 A successful breakout above this pattern could trigger a bullish momentum, propelling the price upward and potentially reaching our target area.
💎 However, if LQTY breaks down below the demand area, it may indicate a shift back to bearish sentiment. This could lead to a continuation of the downward movement, ultimately returning to test the key support area.
💎 Today, there is a notable bounce in momentum, signaling a probability upward movement toward the resistance trendline of the descending channel pattern.
💎 A successful breakout above this pattern could trigger a bullish momentum, propelling the price upward and potentially reaching our target area.
💎 However, if LQTY breaks down below the demand area, it may indicate a shift back to bearish sentiment. This could lead to a continuation of the downward movement, ultimately returning to test the key support area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.