Livepeer Rising Channel (Targets Up To 370% Included)

20 paź

I think we can appreciate here a switch from a bearish bias to a bullish bias. The switch happened around June 2023, when the bottom was hit.

We went from a descending channel to a sideways channel with bearish tendencies. From the sideways channel the pair transitioned to an ascending channel (bullish wave).

This week we have the classic volume breakout pattern. The highest volume bar on a weekly basis since May 2024, and this in a sequence of strong and sustained higher lows.

It is easy to assume that this pair is going up, because we have a pattern of higher highs and higher lows.

Will this pair continue to grow? We will see, but we have something already when we look at LPTBTC (see 'Related publications' below).

Thank you for reading.

Namaste.

28 lis

Zlecenie aktywne

We've been tracking this pair together for a long time. It has been rising since June 2023. There was a neutral period since March. Correction plus consolidation. After eight months of this, the growth phase can be really strong.

This is a friendly timely reminder. Enjoy maximum profits on the way up. The upcoming rise can be fast and strong because the consolidation was long.

Namaste.