#LYXE #LYX
This Lukso fractal with slow rounded & stacked cup & handles while stair stepping up, paired with massive momentum volume, probably nothing...
Chart: This is the old LUKSO chart before they migrated from ETH, current price sits at 9 - 10 $ but due to no history i used the old chart.
16$ area will be important to break and then 24$ in sight with 40$ ATH. LUKSO should easily reach price discovery due to new chart and the reasoning below.
WHAT IS LUKSO:
LUKSO was initially launched as an ERC-20 project...
The LUKSO Token (LYXEUSD) is having the strongest 1D bullish candle since June 18. However this is not a confirmed buy signal yet, as even though the price hit the bottom (and Higher Lows trend-line) of the 1 year Channel Up pattern, it remains below the 1D MA50 (blue trend-line) since May 20 (more than 2 months) with two clear rejections on it.
We will buy only...
LYXEUSD is forming a bullish reversal pattern same as on the April 1st bottom.
A candle closing over the MA50 (1d) confirms the buy signal.
Trading Plan:
1. Buy if the price closes a candle over the MA50 (1d).
Targets:
1. 10.8500 (Resistance 1).
2. 15.4500 (Resistance 2).
Tips:
1. The RSI (1d) has formed a Bull Flag same as the mid March - April pattern.
...
Hello 🐋
Based on the chart
the price is in the ascending channel and channel resistance zone
beside
in long-term, we expect to see gain and pump from here but in short-term red candlesticks are logical possibilities ✔️
and even
the range market and many range candlesticks are acceptable scenario too 📖💡🚀
👌 Notice: pay attention to the price on shortcut chart...
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.
Follow us, like the idea and leave a...
