LUKSO - Stacked Cup & Handles w/Solid Momentum Volume #LYXE #LYX
This Lukso fractal with slow rounded & stacked cup & handles while stair stepping up, paired with massive momentum volume, probably nothing...
LYXEUSD
LUKSO - On Balance Volume + The Stair Step#LUKSO
#LYX & #LYXE have a small market cap and a history of coiling then spiking 100%'s followed by deep retraces before blasting further to the moon.
The most important indicator that ties all the others together is #Volume IMO.
So if we use #Volume to gauge #support & #resistance it gives us an X-ray view through the noise.
First note the hike up the staircase of support, then look at the OBV doing the same and showing that strength is already to and #ATH but price just hasn't caught up yet.
Now we just stack and wait IMO...
LYXEUSD Not a buy yet despite today's rise.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 when the price closes a 1D candle above the 1D MA50 and target 14.5000, which represents a +69.78% rise, the minimum bullish wave within this 1 year Channel Up.
Until then we will sell as close to the 1D MA50 as possible (so that the risk of a bullish break-out above it is at a minimum) and target the Higher Lows trend-line at 6.0000.
We have to mention that the 1D RSI has been on Higher Lows while the price is on Lower Lows (i.e. a Bullish Divergence) similar to the April 01 bottom, thus favoring a bullish break-out.
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LYXEUSD Is giving a huge buy signalLYXEUSD 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.
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LUKSO in long-term long position 💣🚀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 (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
LYXEUSD Pullback has startedLYXEUSD/ 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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