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LQTYUSDT

Nearing a Turnaround or Testing Deeper Waters?The LQTY price is below the middle band (Basis at 1.454), which often indicates bearish momentum. However, it's approaching the lower band (1.331), suggesting that the asset might be entering oversold territory. If it reaches the lower band, it might experience buying pressure. The MACD line is below the Signal line, and the histogram is in the negative territory, signaling a bearish trend. This suggests that sellers are currently in control. The RSI is at 34.87, which is nearing the oversold threshold (30). This could be an early indication that the selling pressure might be exhausting, and a reversal could be on the horizon. Fibonacci Retracement Levels: The price is currently near the 0.5 retracement level (1.257). This level often acts as a significant psychological barrier: If the price maintains above this level, it can act as a support, indicating strength in the asset's price. If it breaks below, the next significant support is at the 0.618 level (1.186), which might be where buyers step in. Conclusion and Most Probable Scenario: The current technical indicators suggest a bearish short-term momentum for LQTY. The asset seems to be in a correction phase, approaching significant support levels. The nearing oversold RSI and its proximity to the 0.5 Fibonacci retracement level might indicate a potential for a bullish reversal soon. However, if the asset fails to hold above the 1.257 level, a further decline to the 1.186 level (0.618 Fibonacci level) could be anticipated. Overall Trend: Currently bearish, but with signs hinting at a potential reversal.
by MonoCoinSignal
18
LQTYUSDTHow do you do dear friends, *Mars Signals Team wishes you high profits* This is a one-day-time frame analysis for LQTYUSDT On the top, there is R2 as a resistance area that includes the price was not able to rise at different points. R1 used to be a support area. And S1 is a long-term support area of this chart that has the support of price variously since the past. As we see, the rejection of price made it to reach R1 area and after some support and some rejections successively, the price had a noticeable fall down to S1. At the present, we have the price fluctuating over this area and we believe it to have some ranging behavior and then by having a fall and being supported at our support area, another rise is predicted for it to touch R1 and also R2 via more fixation and support over R1 area. Presently, the possibility of a decline below S1 is not so high but if the price moves below it, more decline takes place then. Remember that S1 would be a great point for putting your sale orders but you should wait for the price to be supported here and on its trend upward and via retesting the situation, you are able to put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Have a nice time
Long
by MarsSignals
4
Lqty Falling Wedge Breakout And Retest Lqtyusdt LQTUSDT is showing signs of a confirmed falling wedge breakout with the retest phase almost complete. The retest is an important stage where the price tests the breakout level to ensure it is strong enough to continue the bullish momentum. As the retest phase is almost complete, it is likely that the bulls will take control of the market and a 30-50% bullish move can be expected in the short term. However, traders are recommended to conduct their own research before making any trading decisions. This includes analyzing charts, looking at technical indicators, and scrutinizing market news and developments. It is also crucial to always manage risk effectively by setting stop-loss orders and exiting trades at the right time. In conclusion, LQTUSDT is currently displaying an attractive short-term bullish outlook with the falling wedge breakout and retest stages hinting at a possible 30-50% price rally. But it is always wise to do thorough research and manage risk prudently to mitigate any potential losses.
Long
by Crypto-By-Ghazi