The possibility of
LQTYUSDT is quite many but if we are to look for a bullish scenario this is the best bet. Finished wave 1-yellow at the upper band of the Ascending Channel then the wave 2-yellow completed it retracement at the lower band around the golden Fibonacci zone 0.618% while we are in the journey of wave 3-yellow having completed it wave 1-orange as a Leading Diagonal while it wave 2-ornage has also retraced over 0.618% similar to it parent wave 2-yellow.If we lose that lower band then it will mean that wave 2-yellow would be retracing to the 0.786% Fibonacci for deep wave 2-yellow but it is very unlikely since the RSI is signaling bullish hidden divergence on the daily timeframe.
What is left for this price action to complete is volume. In few days, I expect volume to return to this market if we are really going to see that wave 3-ornage of wave 3-yellow.
Stay tuned for the bearish scenario and updates.
OTHER ANALYSIS
Note
over 23% gain under 24 hours of post isn't that great? literally looks like LQTYUSDT was waiting for us. Follow, turn on notification and stay tuned so you don't miss any update.Note
50% in 3 days LQTYUSDTNote
remember I mentioned that our wave 2 might retrace to the 78% Fib level now we got it and the invalidation level is at the ATL $0.656 LQTYUSDT
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Disclaimer
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.