LPTUSDT has been trading in a bearish trend . The price has been making lower lows and lower highs.
Now after breaking some major support, price has approached to strong horizontal support zone .
The price has printed bullish divergence on RSI too.
. The bulls can take control from here.
Manage your levels accordingly.
The price lost the ascending channel on the 4h timeframe, and after the breakout the price bounced until the 0.618 Fibonacci level where the market has a supply zone.
How to approach it?
IF the price is going to lose the current support, we could see a new bearish impulse, so According to Plancton's strategy , we can set a nice order
Keep in mind.
LPTUSDT has been trading under the falling resistance.
The price on shorter time frame has keeping rising support.
The bulls need to break above the falling resistance.
One can take long position while keeping stop loss below recent low.
Manage your trades accordingly.
LPTUSDT has been trading in a parallel channel .The overall trend is bearish . The price is near to lower boundary of channel. The price action near the support projects a break of channel.
The bears need to break below the channel. The bears will be active to bring price action below.
Trade your levels accordingly.
Channel Down was identified on Jun 25, 0:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 32.1492 within the next 43 days, however price action will likely get rejected at the top of the channel $16.00.
Ultimate Oscillator Bullish
SMA 5 Trend UP...