LITUSDT was slowly moving up inside a trending parallel channel inside an ascending triangle, which is mostly a bullish formation. Yesterday it broke below the channel support and created a lower channel, but bounced back up, staying inside the channel so far.
If it breaks the triangle resistance level around 12.43, we can see 2 targets: 1. 14.70 area. 2. 18.80 area. Which is calculated with the height of the triangle, which coincides with the all time high spike.
This is not financial advise! please trade safely.
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