$LAC two weeks ago formed a piercing line at the horizontal support level and the 50-day moving average. This candlestick clearly indicates a bullish reversal signal—after experiencing downward pressure, the buying strength has significantly increased.



Last week's bullish continuation candlestick further confirmed this critical turning point. From a technical perspective, this kind of pattern is quite interesting—a support level was targeted but successfully held, followed immediately by a rebound confirmation, indicating that the bottoming logic is gradually being established. The balance of power between bulls and bears has undergone a noticeable change.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)