LCXUSD trade ideas
LCX could fall hard (Look at charts, not the hype!)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
Need to relax before kick off. Hey everyone who read my opinion for our the one LCX.
I’m so bullish on LCX and now I’m taking sol profits to load up.
We have 36.44% of whales.
Other investors are 63.56%.
Holders increase by 10% last month and now holders with 43.23%.
Traders by 7.29% and cruisers by 49.48%.
Ofc, patience always pays the price and for those who will hold in long term, for example bullrun 2025 will make a good amount of money.
LCX need to rest before kick off. I’m waiting to buy more at 0.20 or 0.23 cents again.
Let me know you thought about your next move..
lcx.com (LCX)On the above 3-day chart price action has corrected over 90% since November 2021. Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout.
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.
LCX/USDAfter an incredible surge of 370%, the price took a downturn over the subsequent 123 days, resulting in a loss of 65% from the earlier gains. However, in late May, there was a break out from this down trend, hinting at the start of a new cycle.
Wave 1 of the new cycle took place June 11th to June 27th with a price increase of 61%.
Wave 2 of the new cycle appears to be concluding after a 29% retrace to it's current price and the .618 Fibonacci level.
LCX has displayed rapid increases, surging by 370% in just 29 days and 61% in 16 days. Based on this trend, significant increases are expected to occur in wave 3.
Ending of corrective wave ?It looks like the corrective wave 2 of the LCX chart is composed of a WXYXZ pattern that is coming to a close near the .786 Fibonacci line
on top of that the RSI indicator has been signaling a bullish divergence on the daily timeframe
an entry would be adequate when the wedge breaks