LUMIA Uptrend 2026Technical Analysis Summary:
Elliott Wave Structure:
The chart suggests a 5-wave Elliott Wave bullish pattern.
Wave (1) is in progress, with an initial target around $1.28 (0.5 Fibonacci retracement).
Wave (3) could push toward the $1.79 - $2.13 range.
Wave (5) may extend to the $2.60+ area.
Ichimoku Cloud:
The price is testing the lower boundary of the Ichimoku Kumo cloud (resistance zone).
A breakout above the cloud would confirm a medium-to-long-term bullish trend.
RSI (14):
RSI is trending upward, currently at 55.56, showing bullish momentum.
There is still room for RSI to move into the overbought zone (>70), supporting further upside.
MACD:
MACD has crossed above the signal line, showing a bullish divergence and momentum shift.
Volume:
Trading volume is increasing, confirming buyer interest.
Long-Term Trading Strategy:
Entry Zone:
Accumulate in the $0.47 - $0.52 range (current price zone near Ichimoku support).
Alternatively, wait for a confirmed breakout above the Ichimoku cloud.
Take Profit Levels (TP):
TP1: $1.28 (completion of wave 1 at 0.5 Fibonacci retracement).
TP2: $1.79 - $2.13 (Fibonacci 0.618 - 0.786 target, likely wave 3).
TP3: $2.60+ (potential wave 5 extension).
Stop Loss (SL):
Set below $0.40, or under the recent swing low around $0.38.
Position Management:
Consider scaling out: 50% at TP1, 30% at TP2, 20% at TP3.
Trail your stop loss to breakeven after TP1 is hit to protect capital.
Additional Confirmation:
Watch for a clean breakout above the Ichimoku cloud.
Ensure RSI continues trending upward and MACD remains bullish.
Note:
This is a daily chart (D1) strategy targeting several weeks to months.
Adjust based on price action and overall market sentiment.
