LITUSD - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
LITUSD is approaching strong support in blue and non-horizontal support in brown so we will be looking for buy setups on lower timeframes.
on M30: LITUSD formed a valid channel in red but it is not ready to go yet. We want the buyers to prove that they are taking over by breaking above the last high (projection in purple)
Trigger => Waiting for a momentum candle close above the last high (gray zone)
Until the buy is activated, LITUSD would be overall bearish and can still trade lower.
Good luck!
~Rich
LIT
The Week Ahead: MJ, ICLN, LIT, QQQOptions Highly Liquid Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
MJ (39/75) (Cannabis)
ICLN (10/56) (Clean Energy)
LIT (36/47) (Battery)
JETS (2/46) (Airlines)
EWZ (5/43) (Brazil)
XBI (29/43) (Biotech)
XLE (8/42) (Energy)
SMH (28/41) (Semiconductor)
KRE (8/40) (Regional Banks)
SLV (10/38) (Silver)
Broad Market Exchange-Traded Funds Ranked by 30-Day Implied Volatility:
QQQ (13/30) (Nasdaq)
IWM (6/30) (Russell 2000)
SPY (3/20) (S&P 500)
DIA (1/19) (Dow Jones)
EFA (3/16) (MSCI ex. Canada/U.S.)
There isn't a May 7th weekly yet for my standard 45 day 16 delta short put, but will look at putting that on once it becomes available. Naturally, the implied volatility picture may have changed at that point; small caps have had the most implied volatility for several weeks running.
Bond Funds:
TLT (21/22) (20 Year+ Treasuries) (Yield 1.66%)
EMB (11/14) (Emerging Market) (Yield 3.97%)
HYG (12/12) (High Yield Corporate/Junk) (Yield 4.79%)
AGG (37/11) (U.S. Aggregate) (Yield 2.13%)
The Pictured Trade:
Featured here is an MJ May 21st (61 Days) 19 short put set up at the 18 delta strike in the May monthly. Paying .80 at the mid price as of Friday close, it has an 18.20 break even and a 4.40% return on capital at max as a function of notional risk. Naturally, it's a little bit long-dated if you like to try to keep things in that 45 until expiry or shorter wheelhouse. I don't have a ton on in May yet, so may do a smidge here, do a smidge next week, etc., so that I disperse risk over duration, rather than going all in everything at the top of the list with 45 days to go.
An alternative defined risk play is the 14/19 5-wide short put vertical, paying .70 as of Friday close on buying power of 4.30 -- a 16.3% return on capital at max as a function of buying power.
LITUSDT Keep your eyes here 📈Wait for breakout and as soon as it happens LITUSDT will be ready to fly higher!
LITUSDT - by buying liquiditylast idea:
Preconditions:
- key level
- accumulation
- global uptrend
- locally uptrend
- false break out
Push like if you think this is a useful idea!
Thanks for your support!
🔥 LIT Potential Bullish Triangle Break-OutLIT has been inside this triangle for a couple of days now. After seeing big gains on the 14th, the price has been consolidating for a while, whilst definitely showing the urge to rise again. If the market stays in its current state, I expect the triangle to be broken within the next 48 hours. Place your entry accordingly.
Happy trading!
LIT BTC good fib price movings IDEA Lit is moving in flat zone, after breakout good potential for moving to next line.
OPENING (IRA): LIT MARCH 19TH 58 SHORT PUT... for a 1.16/contract credit.
Notes: 30-day at 58.6% and expiry-specific at 57.2%. Unfortunately, not the most liquid thing in the world, so expect to do some price discovery or be patient for a fill.
LITLITUSDT formed a bullish flag
LITBTC formed a global triangle I think we will reach a resistance line
Best regards EXCAVO
Long on LitentryDescriptions are on the chart.
Holding this hoping for new all time highs given that the mother of alt seasons is upon us.
LIT/USDT Possible bullish Flag patternPossible bullish pattern is forming.
let the price complete its pull back if you want to jump in.
LITUSDT (LIT) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- LITUSDT brokeout above descending trendline resistance.
- Price action is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
LIT looking ready to fly once again#LIT / BTC ( Binance )
Buy Range : 0.00017348
Stop Loss : 4H close below 0.00016290
Target 1 : 0.00020290
Target 2 : 0.00022395
- Bullish breakout in LIT since indicators and price action seems.
- Everything pointing bullish and we can visit some higher prices and key points as seen in my fibs.
- Pair against USDT looking really good too
- Remember use correctly your funds
GL
LIT/USDT - Exit from the global triangle. Secondary symmetric 🚀Hello everyone, analyzed the LIT/USDT pair
The trading chart indicates all aspects that need to be taken to make decisions in opening a position.
The first is to wait for confirmation.
The second is to see the return.
Third, look at the stability of the candles and the volume.
There is a chance for a false breakout.
The levels at which I work are indicated on the chart.
-GANN'S ANGLE - INDICATED ON THE CHART
Do not forget that if the father of cryptocurrencies falls, he will drag all his relatives with him.
Be attentive, do not risk your money.
Go to my free channel and chat with other traders. Link in the description
"This is just my opinion, trade with your trading system."
"Have a nice day everyone and comeback again."
🔥 LIT Bullish Reversal TradeLIT has been seeing some tough times as of late. A lot of cryptos are seeing bullish pressure, but it doesn't seem to be the case for LIT. What I do see is that lit seems to have a very strong support at the 6.50 area. This trade is based on a bullish reversal from said are.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows. Do your own due diligence.
Happy trading!
