#LPT → Moving to the roof of the corner patternIn time h4, it is moving in a descending channel, which is accompanied by demand in the middle of the channel, which, while creating a corner pattern, has the ability to grow up to the specified areas, which, in case of negative reaction, has the ability to correct up to the liquidity area.
Note: If 7.8 is broken above, the scenario will be reversed.
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LPTUSDT trade ideas
LPTUSDT Breaking Free - A Bullish TriumphLPTUSDT's Breakout: A Bullish Triumph
LPTUSDT has recently emerged victorious in a battle for bullish dominance, confirming a daily break and close above the longstanding downtrend trendline. This marked a significant shift as it broke free from the constraints of a triangle pattern that had limited its potential for quite some time.
Demand Zone as a Beacon of Strength
In tandem with its triumphant breakout, the $5.3 demand zone demonstrated its reliability, underlining an evident increase in buying pressure. The multiple bounces off this critical support zone in the recent past have solidified its role in LPT's price dynamics.
The 50% Fibonacci Support: A Key Player
As things stand, LPT is currently perched at the 50% Fibonacci retracement support level. This presents an intriguing setup as there is a possibility of a double-bottom formation on a lower timeframe. This pattern often signifies a shift from bearish sentiment to bullish enthusiasm.
Shaping the Future: An Upcoming Opportunity
With the stage set for a potential buying opportunity, we'll be closely monitoring LPTUSDT's price action. As the dynamics evolve, we'll provide you with timely updates and insights, keeping you informed about the LPTUSDT buy signal in our channel.
LPT LOOKS BULLISHIt looks like we have a big bowtie diametric on the LPT and we are now in wave E of this diametric.
It seems that the E wave is also a diamond diametric, and now we are in the E wave of this diamond diametric.
By maintaining the green range, it is expected to move towards the targets specified on the image.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
A short gain, but the second step is the most importantThis currency is placed in a triangle pattern, if it breaks and exits from this triangle and the price of 8.5 dollars breaks, we can have a safe entry for this currency. The current entry is a risk that you can enter according to the position at your own risk. Support and resistance ranges in this chart. defined
LPT/USDT-12H-BINANCEThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
LPT Had a Good Run So Far| 👀🚀What's Next?💎 Paradisers, turn your focus to #LPTUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
💎 #Livepeer is on an upward course, hinting at a bullish breakout from its current demand zone. There's an anticipation of revisiting the demand level at $7.57 before progressing further upward. If #LPT can hold its ground above this level, it may open up opportunities for a rise towards the significant supply zone at $11.
💎 However, If #LPT struggles to sustain its position above the $7.57 level, a reassessment of our trading strategy might be in order. In such a scenario, we would consider a shift towards catalyzing a bullish trend from a lower bullish Order Block (OB) level at $6.34.
💎 Monitoring this level is essential, as falling below it could indicate a potential move into a significant bearish trend.
💎 Stay sharp and flexible, Paradisers. Your ParadiseTeam is dedicated to providing you with up-to-date insights and strategic guidance, ensuring you're well-prepared to navigate through these market fluctuations effectively.
LPT/USDT Breakout the Pattern. Bullish Momentum for LPT ??💎 LPT's recent market performance has been impressive, with a notable breakout from a descending channel pattern.
💎 Currently, it's undergoing a retesting phase at the demand area. If this retesting proves valid, LPT may rebound from this zone and embark on an upward journey toward a significant resistance target.
💎 However, if LPT merely hovers sideways around the demand area without showing strong momentum, it could signal a concerning development. A failure to uphold the demand level may indicate a false breakout, potentially steering LPT towards a downward trend, targeting the strong support zone around $6.06.
💎 Historically, the $6.06 support level has demonstrated resilience, consistently facilitating a rebound in LPT's price.
💎 It has acted as a crucial pivot point on multiple occasions, but a breach below this threshold could mark a shift to a bearish trend, potentially leading to even lower price levels. Therefore, the response of LPT in this critical support area will be pivotal in determining its future market trajectory.
LPT/USDT In the crucial zone. It required for Break to Continue!💎 LPT has undeniably made waves in the market with its significant ascent. After an initial attempt that resulted in a false breakout, LPT has now convincingly broken free from the descending channel pattern. Currently, LPT is confronted by a supply area, and overcoming this obstacle, particularly at the $7 level, is imperative to sustain its upward trajectory. A successful breach of the supply area, probability could pave the way for a smooth journey toward our targeted major supply zone.
💎 However, should LPT fail to break through the supply area and encounter strong rejection, it could lead to a downside move, with LPT revisiting the demand area at $6 to potentially gather momentum for another breakout.
💎 In a less favorable scenario, if LPT retraces to the demand area and does not exhibit a bullish candle rejection or fail to bounce, it raises the possibility of a breakdown and a loss of support. Should this scenario unfold, LPT might continue on a downward path, with the potential to return to the key support area.
LPT/USDT bullish breakout? 👀🚀LPT Today Analysis💎 Paradisers, #LPTUSDT is on the move, edging along a descending channel with a strong chance of a bullish breakout ahead.
💎 Tracking #LPT, it's been closely following this descending trajectory for a while. Now at a potential turning point, a break above this channel could lead to a bullish journey towards the key supply zone at $10.66.
💎 Yet, in crypto's dynamic market, flexibility is key. Should #LPT struggle to surpass the channel, we might need to pivot our strategy. This could mean eyeing a bullish push from a lower support at $7.15, with a fall below this point possibly signaling a bearish shift. 🌴💰
#LPTIn the H4, it is moving in an ascending channel, and the current wave of correction can be pulled back to resistance, which is suffering in a lower time than a descending channel in a concentration, which, in case of breaking from above, can reach the previous ceiling. Continue to grow. $8.20 range, we have to wait for the reaction.
LPT/USDT If the retesting is valid, possible to continue UP!!💎 LPT has recently garnered a significant amount of attention in the market, particularly as it undergoes a critical retesting phase at a support area. If this retesting phase proves to be valid, there's a strong possibility that LPT could resume its upward trajectory, potentially reaching new highs at a formidable resistance area.
💎 However, if LPT is unable to bounce back during this retesting phase and instead enters a period of consolidation over the next few days, there is a risk that the asset could break below the support level. This risk is heightened by the current weak volume, which could see LPT descending towards the demand area.
💎 The demand zone then becomes a crucial juncture for LPT. For LPT to maintain its bullish trend, a robust rebound from this level is necessary, aiming to overcome and sustain above the previous resistance level. This action is vital for continuing the upward movement towards the strong resistance. Conversely, if LPT fails to hold this demand level and breaks down, it could lead to a further decline in price.
LPT USDT - BULLISH OUTLOOKLPTUSDT is presenting a compelling technical opportunity based on recent price action analysis, particularly on the 4-hour timeframe. The presence of a bullish divergence on the RSI signals a potential reversal or continuation of the bullish momentum. Reinforcing this positive outlook, the asset has successfully broken above a Bearish Trendline and executed a retest of both the trendline and a support zone on the 4-hour timeframe.
Here's a summary of the potential trading opportunity:
Entry: Consider entering a long position at $6.30
Stop Loss (SL): Set the stop loss at $5.94 to manage potential downside risk
Take-Profit Levels:
TP 1 @ 1:1 = $6.66
TP 2 @ 1:2 = $7.02
TP 3 @ 1:3 = $7.38
TP 4 @ 1:4 = $7.74
This trade plan is designed to capitalize on the observed bullish divergence, the break above the Bearish Trendline, and the successful retest of both the trendline and support zone on the 4-hour timeframe. Managing risk through a stop loss and setting multiple take-profit levels aligns with a comprehensive trading strategy. As with any trading approach, staying informed and adjusting to market conditions is essential.
