On the 3-day chart of Lyft, price action is developing within a potential mid-term reversal structure. The key trigger was the breakout of the descending trendline on the daily timeframe, signaling a shift in momentum after an extended downtrend.
The asset bounced from the long-term ascending support zone around $9.66, and the structure now points to a possible expansion toward key Fibonacci retracement levels:
Upside targets based on Fibo levels:
– $14.36 (0.5)
– $15.47 (0.618)
– $17.05 (0.786)
– Extended: $24.88 (1.618)
Technical Highlights:
– Breakout confirmed on daily chart trendline
– 3D chart shows tightening triangle pattern
– Stochastic momentum turning bullish from oversold levels
– Volume profile supports accumulation, not distribution
– Resistance zone: $14.30–$17.00
– Holding above the breakout trendline keeps the bullish setup valid
Fundamental Context:
Lyft is restructuring operations, with narrowed losses, improved efficiency, and customer retention focus. The company is regaining share in the ride-hailing segment, and investors are beginning to price in operational stabilization. The improving sentiment is reflected in growing institutional interest and mid-term positioning.
This is a potential mid-term bullish scenario, activated by the daily breakout and confirmed if price holds above the trendline. A push above $15.50–$17.00 could unlock the full target at $24.88. As long as structure holds, this remains a strong trend reversal setup.
The asset bounced from the long-term ascending support zone around $9.66, and the structure now points to a possible expansion toward key Fibonacci retracement levels:
Upside targets based on Fibo levels:
– $14.36 (0.5)
– $15.47 (0.618)
– $17.05 (0.786)
– Extended: $24.88 (1.618)
Technical Highlights:
– Breakout confirmed on daily chart trendline
– 3D chart shows tightening triangle pattern
– Stochastic momentum turning bullish from oversold levels
– Volume profile supports accumulation, not distribution
– Resistance zone: $14.30–$17.00
– Holding above the breakout trendline keeps the bullish setup valid
Fundamental Context:
Lyft is restructuring operations, with narrowed losses, improved efficiency, and customer retention focus. The company is regaining share in the ride-hailing segment, and investors are beginning to price in operational stabilization. The improving sentiment is reflected in growing institutional interest and mid-term positioning.
This is a potential mid-term bullish scenario, activated by the daily breakout and confirmed if price holds above the trendline. A push above $15.50–$17.00 could unlock the full target at $24.88. As long as structure holds, this remains a strong trend reversal setup.
Trade closed: target reached
target reached$14.36 — fib 0.5
$15.47 — fib 0.618
$17.05 — fib 0.786
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.