LITUSDT PA Range| Range High and Low| Accumulation

6 May 2021

Evening Traders,

Today’s analysis – LITUSDT – trading with in an accumulation phase where a breakout will be bullish,

Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Low Volume

LITUSDT’s immediate price action is ranging between two key boundaries, this is indicative of accumulation.

Breaching the Range High will allow for a long biased entry, this volume on the break must be increasing as to avoid false breaks.

The RSI is current neutral, remaining in its bullish control zones will be indicative of strength.

Overall, in my opinion, LITUSDT is a valid long with define risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt