LTOUSDT trade ideas
LTOUSDT forming bullish Shark | Upto 24% MoveHi fox hope you are well, on 1 hour chart LTO Network (LTO) is forming harmonic pattern and this time it is bullish Shark. All legs are formed now the priceline is forming final leg.
The Pattern:
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 (here I have ignored a little spike) of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $0.05779 to $0.05443
Sell between: $0.06080 to $0.06753
Stop Loss:
The potential reversal zone area which is up to to $0.05443 can be used as stop loss in case of complete candle stick closes below this level.
LTO bullish againLTO probably one of the most under valued crypto,s
exceptionally, this chain is on of the few that came to Binance with not only concept but big clients running on its chain.
compared to similar chains this chain could do a easy 1000% up.
Graphs can hardly be made as Tradingview has not enough data.
LTO/USDT TA Update (Bears and Bulls; Who will win?)LTO/USDT
LTO is on a sideways inside this channel with a price movement of between 10%-15%. The RSI is in neutral zone waiting for the bulls and bears fight.
The only conservative trade setup here is when the price breaks key trend-line resistance and confirmed as new support, that's when we are going to open Long positions.
The bearish trade setup is when key support is broken, we'll looking for 0.618 Fib golden support for a quick bounce play.
