Target 10.5Following 15 minutes chart
The formation can lead us to 10.5 at least more in 4h chart.
TP 10.5
SL 7.0
LITUSDT trade ideas
🆓Litentry/USDT Analysis (25/2) #LIT $LITLIT is heading to 11$ after testing the 7$ zone. If it conquers 11$ zone successfully, we can see it at 15$ zone.
At this moment, we have no enough data to calculate the higher targets
But if it loses the 8$ zone again, the worst case will be happen when LIT may dump to 5$ zone
📈BUY
-Buy: 7.8-8.2$. SL if B
-Buy: 10.5-11$ if A. SL if B
📉SELL
-Sell: 10.5-11$. SL if A
-Sell: 14.5-15$. SL if A
♻️BACK-UP
-Sell: 7.8-8.2$ if B. SL if A
-Buy: 4.8-5.2$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
LIT go up?I think we can start accumulate now, as long as the price stable between 8.5-8.8 it will go up in no time.
LIT short scalpI think that market needs to shake of high leveraged guys so i'll try to scalp this short with a nice R:R
$LIT can reach higher soon as we thinkafter a nice upwards move, we might have some refuelling after profits took... i marked a zone to refill to next move up to ATH, wich was in his inception day !!! WTF !!! :D :D
nice project, good to do some trading ! DeFI is the hype, so use it on your behalf !!!
LIt rejected when trying to re-enter bullish channelLit got clearly rejected when trying to get back in to the channel, see highlight. If support (upper green box) to be broken, downwards action expected. The pitchfork , in which the middle line is the median of the price action, might give some guidance in finding a new channel. when 1). reaching the bottom of the channel 2) near the support (BOTTOM GREEN BOX) and 3 bullish divergence on the RSI , that might be a strong buy signal.
when breaking the upper of the pitchfork , the schiffline (purple) needs to be broken to end the downtrend.
This scenario only makes sense if first support is to be broken
LITUSDT/1H (UPDATE OF LAST CHART)I can see triangle and bullish falling wedge pattern on the chart.
I think price will rise to the last price (1st rise = base of triangle) due to we saw breakout from triangle and then will pullback on consolidation area (2nd tp will active if you see this pullback) and keep moving it trips as you see.
1st tp and 2nd tp are at strong Fibs area and among them we see another Fibs area (1.618 & 2.618 ) that will be able to reverse trend.
LIT nice retest on DailyHi traders!
Very nice retest of horizontal level on LITUSDT
Bullish expectations is still valid!
📈📈📈
LIT/USD - Lit is getting ready to PUMP! 🚀Check this chart out guys. LIT broke above the current resistance and is now making it support. If the momentum is maintained, we're looking good to go higher.
MACD is preparing to do a positive cross, RSI is going up and volume was very healthy on this last breakout.
Therefore, continuation is expected which should bring us to at least $12, then $15 again.
On a medium term, I expect LIT to reach $16. Then later push much higher.
Bias remains bullish so long we hold above the support line, so far any time LIT dropped to $10 it was a great buy zone! Unlikely we will get it again.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
