LEL Chart, page-728

Politely Veritas, please refrain from commenting on LEL's performance.
It seems it almost always does the opposite from your predictions.
2nd bottom I've called, the day after each call LEL has "pumped".

Odds are we will find resistance around 72c, potentially a re-trace, or a complete rejection to 60c again.
I don't believe this is LEL's bottom, this is a low volume pump that could easily be reversed by LEL's low liquidity, larger players are aware of this, hence it's volatile nature. It is easy to manipulate the order book.



I'm spotting a hidden bearish divergence (Chart lower highs, RSI higher highs.) forming on the 6hr, despite it being a fairly weak signal, I think it could have some merit behind it.


We can use the 1hr timeframe to give us more datapoints, and therefore make our short term predictions more accurate.
On the 1 hour, it is blatantly clear that this may be the high of our current trend, visible by the strong bearish divergence. (Chart making higher highs, whilst the RSI make lower highs) Showing inability for momentum to continue, a sign of weakness from the buyers.

We can use the Fibonacci to get an idea of where a potential support level would be if sellers took control again.
The fib suggest 61c as a support level. Let's see how this plays out.