#LQTY has formed a Bullish Pennant on the 8-hour timeframe. Both RSI and MACD are showing bullish momentum, suggesting it may be heading toward the pennant resistance.
The pennant's support line also aligns with the SMA200, adding further strength and validity to the structure.
In case of a breakout above the pennant resistance, the targets are:
🎯 $1.439
🎯 $1.554
🎯 $1.668
🎯 $1.831
🎯 $2.039
⚠️ As always, use a tight stop-loss and apply proper risk management.
The pennant's support line also aligns with the SMA200, adding further strength and validity to the structure.
In case of a breakout above the pennant resistance, the targets are:
🎯 $1.439
🎯 $1.554
🎯 $1.668
🎯 $1.831
🎯 $2.039
⚠️ As always, use a tight stop-loss and apply proper risk management.
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.
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.