Is LUKSO About to Explode? Spotting a Bullish Falling Wedge!A falling wedge is a bullish chart pattern often signaling an upward breakout. It forms as price makes lower highs and lower lows within converging trendlines, with volume decreasing over time.
Key Points:
Breakout Direction: Falling wedges typically break upward, with a 65-75% chance in downtrends (reversal) and even higher in uptrends (continuation).
Volume: A breakout is more reliable when accompanied by increasing volume.
Target: Measure the wedge’s height and add it to the breakout point to estimate the price target.
When to Buy:
Buy when the price breaks above the upper trendline and closes with strong volume.
Alternatively, place a limit order slightly above the trendline to catch the breakout.
When to Sell:
Sell at the target price (calculated from the wedge's height).
Consider taking partial profits near resistance levels or if momentum weakens.
Set a stop-loss below the lower trendline to manage risk.
In the chart, the price is nearing the upper trendline. Watch for a breakout with volume confirmation before entering!
LYXUSDT trade ideas
LUKSO TrendchangeIt took a little longer than expected, but the trend reversal and the structure look very good. The market stumbling fits, the team works really professionally and the results speak for themselves. Certainly one of the most undervalued projects!
If the 200ma turns into support, this would be a strong indicator for an entry and a legendary entry point in the long term. DYOR. LFG. 🚀
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🌴
LYX is at the bottom KUCOIN:LYXUSDT
LYX is reaching its bottom after the conversion made a few months ago.
Due to fundamental changes and the volatility of the crypto market, the price reached around $3.5
I decided to strengthen a position.
viewing at least 300% of this point,
Have a happy bull run
This is not a recommendation or a substitute for counseling
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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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
LUKSO buy now hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
LYXUSDT - POTENTIAL SETUPLYXUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price bounced from the daily support level and formed a bullish RSI div on 1H TF with bullish candle, This will be bullish signal and seems like the price may go for another leg higher.
NFA
DYOR
LUKSO Breakout.Weekly Chart : Horizontal Resistance / Trendline Breakout.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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...
