LayerAI (LAI)
Updated
LayerAI, formerly known as CryptoGPT (GPT), is a zero-knowledge roll-up Layer-2 blockchain which powers the AI platform that lets you monetize your AI data. That is, LayerAI is the first sustainable ‘to earn’ ecosystem that pays users for contributing data that is then sold in the global data marketplace.
Anyway, LAI seems to shown potential for growth in its chart. First, moving in a somewhat sideways channel, then broke the channel and went up as high as the width of the channel. Now, resting in a what to seem to be a triangle/flag pattern. If LAI keeps up with its own movement behavior, something like this could unfold. Let's see what happens.
Anyway, LAI seems to shown potential for growth in its chart. First, moving in a somewhat sideways channel, then broke the channel and went up as high as the width of the channel. Now, resting in a what to seem to be a triangle/flag pattern. If LAI keeps up with its own movement behavior, something like this could unfold. Let's see what happens.
Note
So, LAI correction turned to be an inverted wedge pattern; a descending one. First have to wait for LAI to break this pattern upward. Let's see what happens.
Note
On a side note, it seems the LAI chart has some correlation with THETA's chart. If this correlation is maintained for future movements as well, LAI future targets will receive more approval. Let's see what happens.
Note
So, as it turned out, LAI's correction pattern was a descending channel. Recently LAI broke this channel is going up. There are not enough candles to analyze LAI's overall pattern. However, from what has unfolded so far, LAI is either moving in a sideways channel (purple box) or an ascending channel (blue lines). Let's see which pattern happens.
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So, LAI's rejection from the bottom confirms the wide ascending channel pattern. Let's see when LAI can start the next upward wave.
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