My favorite chart in crypto right now- $LQTY. 140-700% upside?
LQTY has been in a downtrend for over 2 years, recently broke out of it and then retested the trend line as support.
We've had an initial thrust off the bottom and have now retraced 60%+ from that move, which leads me to believe, it's finally time for this thing to start it's real run higher.
We're currently testing the bottom of the cloud, if the cloud holds as support, then I think we'll see a large move higher.
The first resistance I'll be looking for is $4.40, however there's potential that we could see continuation all the way up to the final resistance in the $14 range.
Let's see how it plays out over this month.
We've had an initial thrust off the bottom and have now retraced 60%+ from that move, which leads me to believe, it's finally time for this thing to start it's real run higher.
We're currently testing the bottom of the cloud, if the cloud holds as support, then I think we'll see a large move higher.
The first resistance I'll be looking for is $4.40, however there's potential that we could see continuation all the way up to the final resistance in the $14 range.
Let's see how it plays out over this month.
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