LCX could fall hard (Look at charts, not the hype!)
Updated
The LCX token experienced immense hype over the past month, and in the last two weeks, nearly every content creator and influencer on the web discussed its potential for a 10x-20x increase or more.
However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
Comment
Lcx failed again towards 0.3, with BTC ready to correct hard and considering the volatility of this tocken, 0.15 becomes highly probable
🚀 Elevate your trades with a 20-year market veteran!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.