Bear basement's are a gift!
That is where you can accumulate a large position in a Crypto coin/token
When things are moving fast - either to the upside or downside...
It's very hard to do much of anything properly
expansion moves create such dopamine rushes
that it's extremely difficult to take profits unless you have predetermined targets already in mind...
Liternity is a project that functions as a decentralized identity authentication and infrastructure activity data management. Currently LIT has confirmed a breakout from its resistance line at $1.09 and this breakout closes at $1.11. This means that it has been confirmed and has retested the resistance line again but is still strong above the resistance line. Then...
Hello dear traders,
how are you.
Most bullish coin in crypto is LIT in current scenario. LIT is almost fully retraced in macro timeframe & 1 bullish impulse already developed & again & again sending price to top channel. so in last 3 month LIT printed 1 impulse upside & then bull flag in the down side.
this bull flag is well know for bullish pattern & 90%...
Litentry (LITUSD) has been consolidating around its 1D MA50 (blue trend-line) for the past 6 days since it broke above it. Even though the long-term pattern is a Bearish Megaphone with some upside at the moment, the price is struggling due to a Lower Highs trend-line involved.
The 1D RSI pattern shows, that we might be ahead of a rally towards the 1D MA200...
Evening Traders,
Today’s analysis – LITUSD – trading in a local down trend where follow through is probable,
Points to consider,
- Price Action corrective
- Local OB S/R Resistance
- Daily S/R Support
- RSI Divergence
LITUSD’s immediate price action is corrective and is trading under a Local OB allowing for a bearish bias.
The Daily S/R is the...
As you can se e from my chart, price is making herds to break the resistant marked in my chart . This shows that as soon as the resistants is broken , buyer will enter the market and move the price up. it wonderful for buyers
One word= Accumulation
Might retest the $6.5 level again before heading back to ATH.
One of the few coins that haven't made any big moves yet.
+61% back to ATH.
First to understand the reason of the investment let's look at LITENTRY fundamentals:
- Decentralized identity authentication and user activity data management Infrastructure. Build on Substrate, Ready for Polkadot. Litentry is helping support change that is in favor of a user-centric network with the blockchain. Litentry includes an identity-based network and...
Basically an evolution from the ascending triangle pattern which we broke out of... made a guess but falling oil prices affected BTC causing a recorection.
