lcx.com (LCX)

On the above 3-day chart price action has corrected over 90% since November 2021. Now is a good opportunity to go long. Why?

1) A strong buy signal prints. (not shown).

2) Price action resistance breakout.

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.

Trade active

Comment:

Should the idea attract 100 likes then I'll identify when a sell signal prints for those of you not using a strategy.

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50% in 48hrs... fantastic. Don't chase, wait for a higher low.

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There's a sell signal on the daily BTC pair. Might be a swing trade opportunity.

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90% in 7 days!

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120% !! - when to sell?

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170% in 13 days - Amazing.

Daily chart now printing very overbought. Might be a good opportunity to swing trade back to the 21-day SMA.

Daily chart

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Did you like this trade?

Will update in the comment section below with one that is printing very much like LCX was 10-days ago. Is there interest??

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This other one is called Highstreet - and if you look below you might understand why it is chosen.

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Now over 300% in 20-days!

The 2-day chart is considerably overbought, time to take those profits if you've not done so already.

2-day chart

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** swing trade **

Look for support on the 6 cent area.

2-day

Trade active:

** close swing trades **

Corrective wave 2 complete. Enjoy wave 3.

2-day chart

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Already a message or two asking about targets. I've no idea, just wait for sell signal to print. What can be said is Wave 3 is often the strongest impulse, which will be higher than the previous top, Wave 1. You can read about it from the link below:
www.investopedia.com...lliottwavetheory.asp

Ask me to update the idea, I'm not trading 90% of the ideas I publish, if you do not ask I'll not update!

Trade active:

Past resistance now confirmed as support

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20 cents is the first resistance

Trade active:

GRM support confirmed. Long it from 6.6 cents.

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on support

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This would be an excellent moment.

This will be Wave 3 of the larger Wave 3.

Trade active

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Nice flag breakout with high positive divergence on the daily

Trade active:

on support

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Did you see what printed on the daily chart?

Trade active:

Trade active

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To the moon...

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Past resistance confirms support

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Wave 3 400% move almost complete, another 80% to go.

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About another 50% to go until the target mentioned above.

Trade closed: target reached:

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Bang on target (again)

Trade closed manually:

10x from the bottom.

Comment:

Far too many messages "Is now a good long entry?"

Folks, the idea is closed the target achieved. 1000% move from the bottom only months ago. The risk reward is completely unacceptable.

The LCX-BTC pair has high negative divergence!