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LYXEUSD trade ideas

LUKSO $LYX and digital identities, a hidden gem?Chart: This is the old LUKSO chart before they migrated from ETH, current price sits at 9 - 10 $ but due to no history i used the old chart. 16$ area will be important to break and then 24$ in sight with 40$ ATH. LUKSO should easily reach price discovery due to new chart and the reasoning below. WHAT IS LUKSO: LUKSO was initially launched as an ERC-20 project by Fabian Vogelsteller, father of the ERC20 Standard. LUKSO is aiming to be more social and more community oriented. LUSKO focuses on bringing Blockchain to the masses, similar to what AMEX:NEAR aims to do, make it more accesible and useable for all. With even more normies onboarding this cycle especially due to possible ETF approvals, i think the "accesible to all L1" narrative is strong. UNIVERSAL PROFILE - Page 24 WP The big statement LUKSO wants to make is stop storing everything on keys and start storing on your universal profile. A profile that can receive any asset, they all call the same function. Basically embracing the narrative of a Digital identity which is an untapped market to my knowledge. There is a lot to read and more to LUKSO than just their universal digital profiles, its an old project with a mediocre performance last cycle on its old chart at 40$ ATH. Currently around 9-10 $. Yet their team has been building and they are developing a product that stands out. LUKSO was one of those projects that seemed promising but had little to provide, thus stayed in the shadows.
CRYPTO:LYXEUSDLong
by Suneater69
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! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LYXEUSD
by TradingShot
1
LUKSO in long-term long position 💣🚀Hello 🐋 Based on the chart the price is in the ascending channel and channel resistance zone beside in long-term, we expect to see gain and pump from here but in short-term red candlesticks are logical possibilities ✔️ and even the range market and many range candlesticks are acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
CRYPTO:LYXEUSDLong
by MadWhale