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Trend reversal for LYXE (Lukso token)
We are witnessing a trend reversal for LYXE:
1. Bounce off of 0.618 Fib level
2. Support line at $16.49 was broken on high volumes, suggesting a classic stop loss hunting, after which the whales took long positions, most probably.
3. LYXE is an NFT crypto, which means the up trend will be intensified by the recent NFT craze.
4. This is a very common patter in the bullrun, when we retrace to about 50% of the hypergrowth parabola, and the we start accumulating even more.
5. Another bounce off of the support line at ~$16.5 and we go to the moon.
I just want to remind you that:
LUKSO is the next project by the creator of ERC-20 and ERC-725, a network dedicated to moving Blockchain beyond DeFi.
LUKSO is a Blockchain infrastructure, providing a series of standards and solutions for physical and digital consumer goods, in order to foster transparency, circularity and new forms of responsible production and consumption.
1. Bounce off of 0.618 Fib level
2. Support line at $16.49 was broken on high volumes, suggesting a classic stop loss hunting, after which the whales took long positions, most probably.
3. LYXE is an NFT crypto, which means the up trend will be intensified by the recent NFT craze.
4. This is a very common patter in the bullrun, when we retrace to about 50% of the hypergrowth parabola, and the we start accumulating even more.
5. Another bounce off of the support line at ~$16.5 and we go to the moon.
I just want to remind you that:
LUKSO is the next project by the creator of ERC-20 and ERC-725, a network dedicated to moving Blockchain beyond DeFi.
LUKSO is a Blockchain infrastructure, providing a series of standards and solutions for physical and digital consumer goods, in order to foster transparency, circularity and new forms of responsible production and consumption.
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