Hey again today i'm going analysis LTO /USDT pair on daily time frame, lets jumped in to chart.
1) LTO now Oversold zone, we can call it LTO now is Bottom.
2)We have strong support level around this level $0.07 and also some Accumulation zone for buyers.
3) LTO also have Resistance level at this level $0.12.
4) LTO fomed Rectangle pattern, the Rectangle can serve as either a reversal or continuation formation, there more chance we breakout to Upside, because LTO now in strong Accumulation zone,Also we can call this Trading Range.
5)Trading Range formation is when price touches Resistance level and then Support level until breakout.
6)We can see Bulls are strong, two time there trying breakout from Rectangle but bears still controlling, so this two Shooting Star candle it's called Fake out, in next try Bulls will gets more stronger and will win fight and bears will REKT, because Bulls Accumalting every day more bags.
7)When we breakout $0.12 level and close daily candle above $0.12 range with good volume , Rectangle target must be $0.19 level.
8)We also using Alligator Trend Indicator on this analysis, we can see Alligator (Lips) crossed in to (Teeth) this mean Alligator wanna start there hunt in Upper side, so for more reliable signal we must wait until (Lips) crossed in to (Jaw) and then price must be closed above Alligator and we will start hunting in to Upside
Hope this anaylis will help a lot of ppl )))
1) LTO now Oversold zone, we can call it LTO now is Bottom.
2)We have strong support level around this level $0.07 and also some Accumulation zone for buyers.
3) LTO also have Resistance level at this level $0.12.
4) LTO fomed Rectangle pattern, the Rectangle can serve as either a reversal or continuation formation, there more chance we breakout to Upside, because LTO now in strong Accumulation zone,Also we can call this Trading Range.
5)Trading Range formation is when price touches Resistance level and then Support level until breakout.
6)We can see Bulls are strong, two time there trying breakout from Rectangle but bears still controlling, so this two Shooting Star candle it's called Fake out, in next try Bulls will gets more stronger and will win fight and bears will REKT, because Bulls Accumalting every day more bags.
7)When we breakout $0.12 level and close daily candle above $0.12 range with good volume , Rectangle target must be $0.19 level.
8)We also using Alligator Trend Indicator on this analysis, we can see Alligator (Lips) crossed in to (Teeth) this mean Alligator wanna start there hunt in Upper side, so for more reliable signal we must wait until (Lips) crossed in to (Jaw) and then price must be closed above Alligator and we will start hunting in to Upside
Hope this anaylis will help a lot of ppl )))
Trade closed: target reached:
Target Reached:TP
