Hey guys again today i'm going to analysis LTO/USDT pair on daily time frame.
1)LTO formed Bull Flag pattern,so Bull Flag is continuation patterns and we can expect price will continue to upward trend.
2)Bull Flag Formation explanation - price need to do huge spike and after that price will do some consolidation area, after end of consolidation zone price will continue upward trend, so LTO doing same thing now.
3)Bull Flag have Resistance level at $0.11, we must breakout from $0.11 level and close candle around this range $0.12-$0.13 to valid Breakout and target must be at $0.18.
4)LTO have also Bullish Divergence,so on price we have Lower-Low and on RSI we have Higher-Low, Divergence on chart mean strong Reversal signal.
5)RSI also on oversold zone now, its also good buy signal.
Hope you enjoying this analysis,if you agree with me hit the like button and also subscribe me)))
1)LTO formed Bull Flag pattern,so Bull Flag is continuation patterns and we can expect price will continue to upward trend.
2)Bull Flag Formation explanation - price need to do huge spike and after that price will do some consolidation area, after end of consolidation zone price will continue upward trend, so LTO doing same thing now.
3)Bull Flag have Resistance level at $0.11, we must breakout from $0.11 level and close candle around this range $0.12-$0.13 to valid Breakout and target must be at $0.18.
4)LTO have also Bullish Divergence,so on price we have Lower-Low and on RSI we have Higher-Low, Divergence on chart mean strong Reversal signal.
5)RSI also on oversold zone now, its also good buy signal.
Hope you enjoying this analysis,if you agree with me hit the like button and also subscribe me)))
Trade closed: target reached:
Target Reached:TP
