LOKA is a play-to-earn blockchain-based online strategy game. Like most crypto game projects, just after a minor upward wave due to the release of the project, LOKA was mostly in a downtrend phase. LOKA very recently broke the major downtrend line, and its trading volume also significantly went up. Let's see what LOKA can do.
Here we have the same situation I explained with Axie Infinity... This is an interesting Cryptocurrency because it is a game and I love games, even though I don't play them.
Are Cryptocurrency games also securities?
Just kidding...
League of Kingdoms Arena | LOKAUSD
A strong low has been hit this June. The recovery is starting but is still in process.
It is...
Loka is setup for a big run similar to bond. This is a 1day chart showing an inverse head and shoulders along with a cup formation. There is also a bottom trend line. Up is next. Very Bullish.
This coin has been down on its luck, but its on the verge of a breakout here soon. Not many coins with this one I'd expect it to squeeze pretty fast. The cup 3/4th done, next part is for it to move up. Recently bond broke out because of its low float, anything is possible with this one.
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The coin is still new so there's not much data to go off from.
