$LAYERAI Analysis

Price action has created a large blue decending triangle.

Inside that decending triangle, we can see a projected orange W bottom AKA double bottom reversal formation.

The orange W bottom is a projection into future price action for $LAYERAI.

There is a 1 day money printer formation here in the moving averages. This happens when all the moving averages gather tightly with price action after a retracement. Look for the yellow 200MA to gap above price action and the other MA'S.

The algorithm will normally push price action up to the yellow 200MA.

The 1D 200MA below price action would be a good signal to the bulls, and a bigger longer move to the upside is possible.

The bigger the timeframe, the longer and bigger the bigger moves to the upside are likely.

$LAYERAI Targets
1) $0.01333637
2) $0.01683214
3) $0.08738582
4) $0.13228760
5) $0.16852931

NFA, DYOR ⚠️

#Crypto # Trading #LAYERAI