LOKAUSDT Forming Falling WedgeLOKAUSDT is currently showing an interesting setup that has caught the attention of crypto traders and investors. The pair is forming a classic falling wedge pattern, which is widely known as a bullish reversal pattern in technical analysis. This pattern, combined with good trading volume, indicates that LOKA may be preparing for a strong breakout to the upside. With an expected gain of 60% to 70%+, this setup could offer a compelling opportunity for those looking to ride the next wave in altcoins.
League of Kingdoms (LOKA) is a well-known play-to-earn and blockchain gaming project that has been steadily gaining traction in the GameFi space. The project allows players to build kingdoms, engage in battles, and earn rewards, which drives community engagement and token demand. As interest in blockchain gaming and NFTs continues to grow, the underlying fundamentals for LOKAUSDT could provide additional momentum to push prices higher once the wedge breakout occurs.
On the technical side, traders will be watching for a decisive breakout above the wedge resistance line, ideally supported by a surge in volume to confirm the trend reversal. If this scenario plays out, LOKAUSDT could easily reach its expected target zone with gains of 60% to 70% or more. Investors should also stay alert to news and partnerships from the League of Kingdoms team that might act as further catalysts for price action.
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Lokausdtlong
#LOKA Trading opportunity for LOKAUSDT#LOKA
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We have a bounce from the lower boundary of the descending channel. This support is at 0.0520.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 0.00500, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.0531
First target: 0.0543
Second target: 0.0560
Third target: 0.0580
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
LOKA USDT Daily TF LOAK USDT Trade Idea.
Historical Trends:
The price has seen substantial volatility since early 2024, with a major peak above $0.350 in mid-year followed by a prolonged bearish phase.
The price has consolidated near the $0.165 to $0.176 support zone (M-W-Sup: likely Monthly or Weekly Support).
Support & Resistance Zones
Support:
Major support appears around the $0.165 to $0.176 zone, which is being retested. This level is holding well and represents a potential accumulation zone.
Resistance:
Immediate resistance lies around $0.250, with a potential move towards the $0.340 zone, as indicated by the blue projection.
Projected Path (Bullish Scenario)
The projection suggests a breakout from the consolidation around $0.201. The price could move upwards in a zigzag pattern, with the next major target being around $0.340. This implies bullish momentum for the upcoming months.
RSI Double Bottom
Upon closer inspection of the RSI:
The RSI made a low around 32.00 in early September, indicating oversold conditions.
It then bounced and made another low, slightly higher, around 47.01, forming the double bottom pattern.
This formation is often a precursor to a bullish trend reversal. As the RSI moves upward, it could signal stronger buying momentum in the near future.
The double bottom RSI pattern confirms the likelihood of upward price movement, which aligns with the chart's bullish projection.
Overall Confirmation
Price Action: The bounce from the M-W support zone around $0.165 is holding, and combined with the RSI double bottom, this strengthens the probability of a bullish breakout.
Key Levels to Watch:
If the RSI continues to climb and breaks above 60, this would further confirm a stronger bullish trend.
The projected price levels of $0.250 and $0.340 remain valid targets based on this setup.
LOKA/USDT - League of Kingdoms: Failure_Swing◳◱ We've detected a Failure Swing pattern on the $LOKA / CRYPTOCAP:USDT chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.1962 | 0.2054 | 0.2277 and the major support zones are respectively at 0.1739 | 0.1608 | 0.1385. It is a bullish indication and we may consider buying at the current price zone of 0.1997 and targetting higher levels.
◰◲ General info :
▣ Name: League of Kingdoms
▣ Rank: 588
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Hitbtc
▣ Category/Sector: N/A
▣ Overview: League of Kingdoms project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.1997 ₮
▣ 24HVol: 2,407,715.440 ₮
▣ 24H Chng: 7.539%
▣ 7-Days Chng: 3.62%
▣ 1-Month Chng: 9.45%
▣ 3-Months Chng: -16.07%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.1962 | 0.2054 | 0.2277
◢ Support: 0.1739 | 0.1608 | 0.1385
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.62
▣ Last 90D: -1.18
▣ Last 1-Y: -0.28
▣ Last 3-Y: -0.35
◲◰ Volatility :
▣ Last 30D: 0.48
▣ Last 90D: 0.70
▣ Last 1-Y: 1.11
▣ Last 3-Y: 1.41
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth LOKAUSDT technical analysis on Tradingview TA page
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