Bottom feeding - Idea 6 - LuaSwap (LUA)Is there an opportunity to turn $100 into $1000 after all this selling? That’s what this idea/s are all about, focusing on ultra low market capitals, the $5 to 20m bracket.
There are rules:
1) Must be an active project.
2) Must have more than one developer.
3) Must be printing a ‘incredible buy’ on 2-day dollar chart
4) Ideally printing divergence
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
WW
1-day BTC chart
LUAUSD trade ideas
LUA - Bounce Here on the 382 Fibonacci? LUA was in a very strong uptrend, but has since seen a 74% decrease from the recent high.
LUA just broke down from a descending triangle and found support at $0.15. This is a key number which has strong confluence with strong daily horizontal support zone, the daily 0.382 Fibonacci, the daily 21EMA, and the 4H 0.618 Fibonacci.
If price loses support at $0.15, then I suspect we'll see a move down to $0.10. There is a lot of confluence for support there. We have the 4H 200EMA and 4H 377EMA, horizontal support and the 4H 0.76 Fibonacci and the daily 0.5 Fibonacci!
Daily stochastics have broken the trend line, but may bounce off the purple horizontal support line. If we saw daily stochastics turn up from that support line, then that would suggest bullish momentum coming in.
Daily RSI has also broken down below the trend line. If the bulls can get a bounce here from the neural zone, and daily stochastics turning up in conjunction, then we could be putting in a lower high on the daily.
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
LUA Support/Resistance Zones and Price TargetsToday we have a new and upcoming star gracing us with her presence, meet my new sweetie, LUA !!! ***Crowd goes wild and roars are heard across the cryptosphere***
LUA is a new contender in the DeFi space! Very similar to UniSwap, but by using the TOMO blockchain, they are able to significantly reduce fees and massively improve transaction speeds! Wait, it gets better! Any ERC-20 token can be wrapped and traded on LuaSwap!
Wow, so many incredibly solutions we have today! So many marvellous inventors! Finance 3.0 is on our doorsteps! Central crooksters, the Fed, and the money master's of old no longer control posses the single key to humanity's financial freedom! In 2021, we take our financial sovereignty back from the crooks! These crooks can't print Bitcoin and hand it out to all their friends like they can with you tax dollars.
Technical Analysis
LUA is looking like she is forming a bullish pennant and consolidating. Price action looks like it wants to head to the top of the triangle.
The measured move for a bullish pennant break out brings price to $0.830. That would be my final target if I was trading the bullish pennant. Could target the measured move from the triangle break out at $0.69 and lock in some profits there.
The measured move for the triangle break down brings price to around $0.20, which has confluence with strong daily support and the daily POC. Provided traditional markets and BTC do not break down, I suspect this area will hold as support and will present a rare buying opportunity.
Best to be prepared for all eventualities!
Breakout Targets
Target #1: $0.69
Target #2: $0.8299
Have a wonderful day and follow us now to stay up to take with TA for the hottest cryptos in the cryptosphere!
Let's get this crypto!
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.