Requested by @YorkyBuzzard on Twitter
Elegant chart with solid price growth. Multiple flag breakouts. Triangle forming now. Path drawn.
No hint of a pump and dump at all
The team has obviously worked hard to ensure that their token grows sustainably.
Nothing will hold this back from breaking through those resistances once Bitcoin stokes the fire.
Bollinger bands on LYXE were the tightest they've ever been on July 4th. RSI is showing strength, Stoch RSI has upward momentum, and after a retrace and period of consolidation, I think it's ready to explode upwards. On high time frame, weekly chart, I see Elliot Wave theory playing out. We are currently beginning wave 5. All technicals fail if there is a weekly...
Porsche, one of the largest sports car manufacturers in the world, is entering the NFT market with the launch of its new startup, Fanzone.
However, rather than tokenizing its own vehicles, the German company will be focusing on soccer-themed collectibles.
The NFTs will be issued on the Lukso blockchain (LYXE) which was built by former Ethereum developed, Fabian...
Original trade setup was drawn on 2nd of April, shared with my friends. They can confirm this theory.
Overall crypto world/MC in recovering and we should see some nice gains. Will sell most of my bag on $20 mark.
NOOB TRADING CHART
LUKSO HAD A FALSE BREAK OUT AND IS NOW SITTING ON THE SUPPORT LINE. THE MA LINES HAVEN'T CROSSED EACH OTHER, SO IT'S A BIG TEST TO SEE IF LYXE CAN PULL ITSELF BACK UP. THE RED CANDLES JUST SMASHED THROUGH THE MA.
KNOWING LYXE WILL BE THE FIRST ETH 2.0 COIN, IT'S LIKELY GOING TO BOUNCE FROM HERE.
Key levels on the chart. Correction channel helps aid the directional bias upwards.
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own personal psyche
We are witnessing a trend reversal for LYXE:
1. Bounce off of 0.618 Fib level
2. Support line at $16.49 was broken on high volumes, suggesting a classic stop loss hunting, after which the whales took long positions, most probably.
3. LYXE is an NFT crypto, which means the up trend will be intensified by the recent NFT craze.
4. This is a very common...