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TheCryptagon
Apr 21, 2023 9:14 PM

LYXEUSD Pullback has started Short

LUKSOCRYPTO

Description

LYXEUSD/ LUKSO made a Higher High on the 10 month Channel Up and should pullback to at least the 1day MA50.

As the 1day RSI got rejected on the absolute Resistance, the pullback can be even stronger as low as -50% and the bottom of the Channel Up.

Sell the current price action and buy on the 1day MA200. Target 21.000.

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Comments
DeGRAM
Thank you for sharing your analysis
UnknownUnicorn15614419
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?
RLinda
Great!!! I agree with this price movement. I think the upcoming news on the project may have an impact on it.
pejman_zwin
It's definitely a possible scenario.🔥
LegionQ8
Have you saw also other timeframes?
FirstNameHelen
I guess we have a similar view on this pair, well done!
Solldy
I don't even have anything to disagree with your publication. Excellent! The only thing is that my entry point is different, but only slightly 😉
WalterMoon
Very solid analysis. It looks really interesting in my opinion. Thanks
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