Sorry missed the formation of this head & shoulders
but still worth bringing to attention
as the Log tgt is still over 2X away
looks tasty as we enter a strong Altcoin flushup
The Daily timeframe is forming a Re Entry Buy signal, although the process of forming this re-entry took a considerable amount of time due to the market being choppy. On the H4 timeframe, candles failed to establish continuous selling momentum but instead formed sideways movement, which could indicate buy accumulation. On the H1 timeframe, there were several...
Livepeer (LPT) hit a low mid-May, the strong shakeout that happened 5-6 June lead to a higher low followed by a new intra-day high.
We also have a volume breakout in the last two days but volume is not available on this chart.
All in all; When a strong negative event fails to crash the market, we take it as a bullish signal rather than a bearish one.
That fact...
theCrypster -
Coming off the back of a massive Long trade (+73% - our Trade of the Day!) we've now got a Short signal from CTv2, right on an upper limit trend line.
If we successfully reject the break of this trend line and reversal starts, there is one layer of resistance within the downward movement; if we can break down through that we can see profits of...
LPT target was 50-60% on 14 July 2022
Expected time to hit target 22 days
But
It went more than 75% in just 15 days
See 14 JUL 2022 my anaylsis for LPT
Have great one as usual
Regards
An analysis for Livepeer using Fibonacci Circles
Price has settled above the orange circle, this coincides with a strong horizontal support
This orange circle will likely provide a support for the next bull move, as indicated by the arrow
Vertical lines are segmenting the bull and bear phases
Look for a potential retest of 10.4 and further expansion as the PA moves to clear the upper liquidity voids. This is taking into account of course that BTC continues to behave. Bail ASAP if we cut back down below TRM (.9.64).
*Be sure to subscribe for more dynamic VSA swing charts based off Wyckoff TA. Accuracy hitting the profit/sell target ranges between...
Livepeer (LPTUSD) broke today above the 1D MA50 (blue trend-line), following a two week consolidation below it. The 1D MA200 (orange trend-line), has been the Resistance since February 12. The long-term pattern is a Channel Up and as you see the mini-phases of Higher Highs and Higher Lows are identical both within the current Channel Up and that of 2020.
With the...
Livepeer is pretty awesome - it's a decentralized video streaming backbone that can be used to make a decentralized Youtube, which would be great, so somebody please get on that. As far as LPT, it's up time very soon.
Back in 2020, YouTube's #1 Creator, PewDiePie (Felix Kjellberg), announced that he would start streaming on DLive -- one of the first "working" crypto-based livestreaming service at the time. "Working" is in quotes since the partnership didn't last very long (YouTube eventually signed an exclusive rights deal with Kjellberg) and whether or not the platform is...
On daily chart, LPT is in the correction wave ABC. Prepare for the final wave which target is $700.
Buying zone at 27 - 22
Seem LPT has been correcting a zigzag wave. The target is around 22 and hit the ascending channel and bounce back.
$$$$ Earn profit more 3.000%
Wait and see
After wave 3, LPT retracted with wave 4 down to 0.618 fib, maybe now is a good opportunity to catch the next wave, which could reach the previous ATH and maybe overtake it.
Let's keep an eye out for the next few days! :)
LPT/USD
Preliminary Entry: 20.16 on 8/14
Collected Gains Since Entry: 8.79%
Prognosis: It's been a slow ride, but LPT is getting there. Advancement to Fib zone from TR-M bounce with demand on 8/19 took it to the sweet spot between 1.0 and 1.272 where it's currently consolidating. Expect more climbing.
Like big wins and the big money that follows? Got strong...
