LAIUSDT currently looks primed for a big break out. symmetrical triangle consolidation, above 50% fib and primed for a breakout + ideally a retest of the triangle which corresponds with the golden pocket of this local scenario. up above the next target point would then be the 161.8 which is also the VAH of the whole year.My take, as of now, is that it'll follow the upwards trajectory with enough momentum + a new craze for the AI sector. possible retracement support would be at the dotted line since this corresponds with the highest volume/poc of the whole year.
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it indeed broke up and retested the triangle within the golden pocket visinity. as of now it holds slightly above the triangle - so not a confirmed successful retest yet. IF, then it should bounce upwards for a new higher high. if it fails, I see it at least retest the 50% fib, or even the lower end of the triangle before going up again (creating a clearer higher low) .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.