Today I'd like to offer a different view with a comparison of two charts.
I find it interesting to compare both Venus (XVS) and Litentry (LIT) after their listing on Binance.
In my opinion, they formed the same pennant triangle with both a nice W pattern inside on daily timeframes.
Both ranged after their Binance listing for several months and as you can...
LIT is bouncing from the demand zone and there are a lot of buyers in this area. The wicks show the price rejection and heavy buying. Now we will see a good bounce in LIT from these levels. Good time to build your position.
Buy Zone: $8.4 - $8.55
Target: $9.3 - $9.9 - $11.15 - $12.66 - $14.3 - 15.8
IMPORTANT TIP: CRYPTO Market IS AT TOP, On Weekly Timeframe BTC is Bearish . Still Alt Coins are Rising Continuously, Don't Know Where ALTS will take U TURN. Thts Why "I Request Please Invest Just 1-2% in Alts Whenever We Post Signals"
➡️Entry: 8.5$ or Last price
🎯Target 1: 12.4$
🎯Target 2: 14.1$
🎯Target 3: 18$
LIT is stuck in a massive channel that spans over 100% in price movement. Since this is a flat trend, the best one can hope in such a scenario is to play the top and bottom range as indicated by resistance and support levels.
Nevertheless a breakout from this channel will lead to a significant price action. My bias is that LIT will eventually break-up from this...
Heya guys! Hope ya'll having a grand old day.
This week I've been getting idea overload, in this video I discuss how its impacting my TA and trade decision making. I try to simplify things a bit and ascertain exactly what signs I'm looking for from BTC that means danger!
0:00 = Heya!
1:35 = My favorite color is orange.
3:50 = Trend lines that...
MODERATE TO HIGH RISK SETUP!
LIT is showing very healthy price action, its one of those alts that's been overreacting to btc going up and underreacting to it going down.
Its had some nice touches off 2 FIB levels and there is a very common trend line where LIT loves to come down and ounce off. Usually when it hits it, it doesn't come down much further....
LIT has seen some really badass red candles shortly before we reached our first target.
Sometimes that's how it goes.
LIT still is traded with low volume and therefore these brutal movements happen.
We stopped closely to our "long term" support and hopefully get a proper recovery this time.
Same old story, if you missed the previous entry be grateful for this...
Now it is one of the very good conditions
for buying because bitcoin has rising
conditions and the currency hood has
just broken the triangle roof and is ready to fly.
This transaction can be a low risk transaction
Hello guys i drawn this chart when the descending channel wasn't broken the arrow is indicating the price action. Now it has broken the descending channel as well as tested resistance so if it stays on support it can bump from here and can break the resistance
Check my previous analysis ⬇️
Hit the like...
LIT is bullish short, middle and long terms.
Here on 4H TF we can clearly see a falling wedge being formed.
RSI and MACD both bullish we Bollinger band's showing a reversal.
Easy 50% to take in the next few days in my opinion.
Refer to my previous LIT chart.
This is not a financial advice, DYOR.
Good luck everyone!