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.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
