Technical analysis by Tradeci about Symbol LTO: Buy recommendation (12/4/2024)

In the 1-day chart, it has formed a deep bowl since May 24, 2024. The neckline is 0.2300 usdt. It seems to have been broken now. It is necessary to look for day closings above this level for confirmation. If the formation works, it can go to 0.5586 usdt in series. Since this level coincides with the falling trend line after the 2021 bull, it seems to act as a strong resistance. In addition, there is a larger bowl formed between April 7, 2022 and March 26, 2024 in the big picture. It looks like a cup-handle formation, but the handle size is very deep. The target is the same in the Bowl and Cup-Handle formations. The neckline of this bowl formation targets 1.80 usdt in closings above 0.3093 usdt. I wish it works. I wish them a good flight. I made up this chart myself. It does not contain investment advice.