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Lokausdtlong

LOKA USDT Daily TF LOAK USDT Trade Idea. Historical Trends: The price has seen substantial volatility since early 2024, with a major peak above $0.350 in mid-year followed by a prolonged bearish phase. The price has consolidated near the $0.165 to $0.176 support zone (M-W-Sup: likely Monthly or Weekly Support). Support & Resistance Zones Support: Major support appears around the $0.165 to $0.176 zone, which is being retested. This level is holding well and represents a potential accumulation zone. Resistance: Immediate resistance lies around $0.250, with a potential move towards the $0.340 zone, as indicated by the blue projection. Projected Path (Bullish Scenario) The projection suggests a breakout from the consolidation around $0.201. The price could move upwards in a zigzag pattern, with the next major target being around $0.340. This implies bullish momentum for the upcoming months. RSI Double Bottom Upon closer inspection of the RSI: The RSI made a low around 32.00 in early September, indicating oversold conditions. It then bounced and made another low, slightly higher, around 47.01, forming the double bottom pattern. This formation is often a precursor to a bullish trend reversal. As the RSI moves upward, it could signal stronger buying momentum in the near future. The double bottom RSI pattern confirms the likelihood of upward price movement, which aligns with the chart's bullish projection. Overall Confirmation Price Action: The bounce from the M-W support zone around $0.165 is holding, and combined with the RSI double bottom, this strengthens the probability of a bullish breakout. Key Levels to Watch: If the RSI continues to climb and breaks above 60, this would further confirm a stronger bullish trend. The projected price levels of $0.250 and $0.340 remain valid targets based on this setup.
Long
by ChartsInsights
2
LOKA/USDT - League of Kingdoms: Failure_Swing◳◱ We've detected a Failure Swing pattern on the $LOKA / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.1962 | 0.2054 | 0.2277 and the major support zones are respectively at 0.1739 | 0.1608 | 0.1385. It is a bullish indication and we may consider buying at the current price zone of 0.1997 and targetting higher levels. ◰◲ General info : ▣ Name: League of Kingdoms ▣ Rank: 588 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Hitbtc ▣ Category/Sector: N/A ▣ Overview: League of Kingdoms project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.1997 ₮ ▣ 24HVol: 2,407,715.440 ₮ ▣ 24H Chng: 7.539% ▣ 7-Days Chng: 3.62% ▣ 1-Month Chng: 9.45% ▣ 3-Months Chng: -16.07% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.1962 | 0.2054 | 0.2277 ◢ Support: 0.1739 | 0.1608 | 0.1385 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.62 ▣ Last 90D: -1.18 ▣ Last 1-Y: -0.28 ▣ Last 3-Y: -0.35 ◲◰ Volatility : ▣ Last 30D: 0.48 ▣ Last 90D: 0.70 ▣ Last 1-Y: 1.11 ▣ Last 3-Y: 1.41 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth LOKAUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF