LYXUSDT Breakout | Is a Bullish Rally Imminent or Will It FalterYello! Are you ready to dive into the latest action on #LYXUSDT? Let's dive into the latest analysis of LYX and see what might be next for #LUKSO.
💎Previously, #LYXUSDT has been trading within a descending channel pattern on the 12H timeframe. LYXUSDT has broken out of the descending channel and retested the breakout zone. This pattern is often a precursor to a bullish run, especially with the 50-EMA reinforcing this outlook.
💎Currently, #LUKSO is testing a significant resistance level. A break above this could propel the price toward the upper supply zone, with a target around the strong resistance at $3.7000.
💎If $LYX fails to breach the current resistance, expect a retest of the Bullish Order Block (OB) around $2.3455. This level is a critical support zone and could provide a solid base for renewed bullish activity.
💎However, if the $2.3455 support fails, the next major support to watch is $2.0071. This area is crucial, packed with liquidity, and could spark a bullish rally if tested.
💎In case the $2.0071 support level also fails, it could invalidate the bullish setup, leading to a bearish trend. Keep an eye on the overall market sentiment and Bitcoin's movement, as these will significantly influence #LYX's price action.
Stay focused, patient, and disciplined, Paradisers!
MyCryptoParadise
iFeel the success🌴
Lukso
LYX → A 100% profithello guys...
as you can see this coin ignored the last level and seems it wanna change the trend so soon! from bearish to bullish!
I assumed it wanna make a head and shoulders pattern and after touching the hypothetical right shoulder start the upward movement so fast!
you can close half of the position on the first step and then be ready for 100% target!
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LUKSO Breakout.Weekly Chart : Horizontal Resistance / Trendline Breakout.
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LUKSO $LYX and digital identities, a hidden gem?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 by Fabian Vogelsteller, father of the ERC20 Standard. LUKSO is aiming to be more social and more community oriented.
LUSKO focuses on bringing Blockchain to the masses, similar to what AMEX:NEAR aims to do, make it more accesible and useable for all.
With even more normies onboarding this cycle especially due to possible ETF approvals, i think the "accesible to all L1" narrative is strong.
UNIVERSAL PROFILE - Page 24 WP
The big statement LUKSO wants to make is stop storing everything on keys and start storing on your universal profile. A profile that can receive any asset, they all call the same function.
Basically embracing the narrative of a Digital identity which is an untapped market to my knowledge.
There is a lot to read and more to LUKSO than just their universal digital profiles, its an old project with a mediocre performance last cycle on its old chart at 40$ ATH. Currently around 9-10 $.
Yet their team has been building and they are developing a product that stands out. LUKSO was one of those projects that seemed promising but had little to provide, thus stayed in the shadows.
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.
Please like, follow and comment!!
This is NOT a time to be buying Altcoins!Traders,
What the charts are showing me concerning altcoins is not good. Caution is warranted with maybe a few exceptions. Let's take a look at what the charts are showing me.
00:10 - Intro
05:26 - Bitcoin Chart
08:20 - The Dollar
09:04 - The VIX
09:39 - US500
10:51- Bitcoin Dominance
12:18 - Altcoins
17:12 - User Requested
Stew
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.
Follow us, like the idea and leave a comment below!!
LYXEUSDT Broke above the 1D MA50. Buy opportunity.LUKSO (LYXEUSDT) broke today above the 1D MA50 (blue trend-line) for the first time in 1 month. With the 1W RSI on Higher Lows and the price within a Channel Up since the June 13 bottom, this represents a good break-out buy opportunity targeting 9.7000.
Beyond that we need the 0.5 Fibonacci level to break in order to extend buying, otherwise wait for the next buy opportunity at the bottom (Higher Lows trend-line) of the Channel Up.
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LUKSO | Huge opportunity after the BTC decides its timeOnce bitcoin decides its time for flipping the downtrend and reclaim momentum, LUKSO is an altcoin you don’t want to mess
Lukso Lyxe Lyxeusdt scenario's, buy setups and sell setups.Hello everyone,
All the buy and sell zones +explanations are in the chart. Longterm I am VERY bullish on Lyxe, but I don't want to ignore BTC+stocks completely.
Therefore I am looking for 4 sell zones after our 2 buys at 11-12 & 15.7:
-18.2 (done) towards 19,8
-30-32
-50-80
-300-500 (or better)
Notice how this plan is super bullish and has longterm idea's. DYOR on Lyxe and you might agree with me.
Buy setup:
15.7 (done)
11-12 (done, but if we hit full 18.2-19.8 sell we will rebuy here again)
6 to 9 dollar zone for a bearish BTC dump scenario. IF we would reach this, then this is a longterm hodl with no intention for sells at $18-30.
Good luck traders
$50 LUKSO is programmed Lukso broke it all time high and is now in price discovery mode. Target of this cup will be $52.
$LUKSO is ready to move.
Lukso Potential moves over the next 1-2 weeksLukso Potential moves over the next 1-2 weeks, will be breaking them down in my upcoming youtube video and what to do in each scenario!
scenario 1 is a straight forward trend within the drawn lines
scenario 2 we see a pull back into a teacup and handle (to the moon after)
scenario 3 we slide into a double bottom and see another large accumulation stage
LYXE Bullish Bollinger Bands $LYXEBollinger bands on LYXE were the tightest they've ever been on July 4th. RSI is showing strength, Stoch RSI has upward momentum, and after a retrace and period of consolidation, I think it's ready to explode upwards. On high time frame, weekly chart, I see Elliot Wave theory playing out. We are currently beginning wave 5. All technicals fail if there is a weekly close below the yellow dotted diagonal trend line. To the upside, there is heavy resistance at 0.005, but long term I see it reaching 0.02 and beyond.
Fundamentals with Lukso are strong. Possible mainnet launch in August 2021, which hopefully coincides with bullish momentum for Bitcoin. This project is a hidden gem, led by the author of the ERC-20 and ERC-725 protocols, Fabian Vogelsteller. Lukso is the infrastructure for future NFT projects.
Porsche on LUKSOPorsche, one of the largest sports car manufacturers in the world, is entering the NFT market with the launch of its new startup, Fanzone.
However, rather than tokenizing its own vehicles, the German company will be focusing on soccer-themed collectibles.
The NFTs will be issued on the Lukso blockchain (LYXE) which was built by former Ethereum developed, Fabian Vogelsteller.