Hey ladies and gentlemens, today i'm going analysis again LTO/USDT pair, but in weekly time frame,let's jump in to chart...
1)On weekly chart price have Rectangle/TradingRange pattern, price Bounce from $.1 cent and Rejected from $.9 we call this Rectangle or TradingRange, soon or later price must Breakout from ATH level, and $.9 Rejected zone will convert in to support zone.
2)We can see $.1 level acting now strong support and price reacted it and Bounce from $.1 last time when we Bounce from $.1 level,we saw nice price movement up to $.9 and then Rejected and price failed, we must see same story now, thats can give us 700% nice gains.
3)Some big Whales doing some strong Accumulation at $.1 after Whales finishing their Accumulation process price will react fast and we will see strong spike to the upside.
4)We have 6 week green candles, that's also good,now price trying Breakout from long downtrend line from November, we can see price above the downtrend line but we need need nice and strong candlestick to the up side for confirmation.
5)This is long term anaylism so target must be $.9 level and if we breakout $.9 level we must see some parabolic movement to the upside.
Hope this analysis will help you,hit the like button)))
1)On weekly chart price have Rectangle/TradingRange pattern, price Bounce from $.1 cent and Rejected from $.9 we call this Rectangle or TradingRange, soon or later price must Breakout from ATH level, and $.9 Rejected zone will convert in to support zone.
2)We can see $.1 level acting now strong support and price reacted it and Bounce from $.1 last time when we Bounce from $.1 level,we saw nice price movement up to $.9 and then Rejected and price failed, we must see same story now, thats can give us 700% nice gains.
3)Some big Whales doing some strong Accumulation at $.1 after Whales finishing their Accumulation process price will react fast and we will see strong spike to the upside.
4)We have 6 week green candles, that's also good,now price trying Breakout from long downtrend line from November, we can see price above the downtrend line but we need need nice and strong candlestick to the up side for confirmation.
5)This is long term anaylism so target must be $.9 level and if we breakout $.9 level we must see some parabolic movement to the upside.
Hope this analysis will help you,hit the like button)))
