LITUSDT/1H (UPDATE OF LAST CHART)
Updated
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.
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.
Trade active
possible entry is when we will see a pullback above of resistanceOrder cancelled
WE LOST SUPPORT OF CONSOLIDATION AREA AND THIS IDEA NOT WORKING RIGHT NOW. After breakout from triangle price reached to our up trend(strong resistance) and kiss it and then dropped to consolidation area. In Feb 22nd we saw last kiss of price to our consolidation area that was a possible entry for short term.My mistake was I don't care for possible pullback (last kiss) at Feb 20th to up trend.
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