Today we have a new and upcoming star gracing us with her presence, meet my new sweetie, LUA!!! ***Crowd goes wild and roars are heard across the cryptosphere***
LUA is a new contender in the DeFi space! Very similar to UniSwap, but by using the TOMO blockchain, they are able to significantly reduce fees and massively improve transaction speeds! Wait, it gets better! Any ERC-20 token can be wrapped and traded on LuaSwap!
Wow, so many incredibly solutions we have today! So many marvellous inventors! Finance 3.0 is on our doorsteps! Central crooksters, the Fed, and the money master's of old no longer control posses the single key to humanity's financial freedom! In 2021, we take our financial sovereignty back from the crooks! These crooks can't print Bitcoin and hand it out to all their friends like they can with you tax dollars.
Technical Analysis
LUA is looking like she is forming a bullish pennant and consolidating. Price action looks like it wants to head to the top of the triangle.
The measured move for a bullish pennant break out brings price to $0.830. That would be my final target if I was trading the bullish pennant. Could target the measured move from the triangle break out at $0.69 and lock in some profits there.
The measured move for the triangle break down brings price to around $0.20, which has confluence with strong daily support and the daily POC. Provided traditional markets and BTC do not break down, I suspect this area will hold as support and will present a rare buying opportunity.
Best to be prepared for all eventualities!
Breakout Targets
Target #1: $0.69
Target #2: $0.8299
Have a wonderful day and follow us now to stay up to take with TA for the hottest cryptos in the cryptosphere!
Let's get this crypto!
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
LUA is a new contender in the DeFi space! Very similar to UniSwap, but by using the TOMO blockchain, they are able to significantly reduce fees and massively improve transaction speeds! Wait, it gets better! Any ERC-20 token can be wrapped and traded on LuaSwap!
Wow, so many incredibly solutions we have today! So many marvellous inventors! Finance 3.0 is on our doorsteps! Central crooksters, the Fed, and the money master's of old no longer control posses the single key to humanity's financial freedom! In 2021, we take our financial sovereignty back from the crooks! These crooks can't print Bitcoin and hand it out to all their friends like they can with you tax dollars.
Technical Analysis
LUA is looking like she is forming a bullish pennant and consolidating. Price action looks like it wants to head to the top of the triangle.
The measured move for a bullish pennant break out brings price to $0.830. That would be my final target if I was trading the bullish pennant. Could target the measured move from the triangle break out at $0.69 and lock in some profits there.
The measured move for the triangle break down brings price to around $0.20, which has confluence with strong daily support and the daily POC. Provided traditional markets and BTC do not break down, I suspect this area will hold as support and will present a rare buying opportunity.
Best to be prepared for all eventualities!
Breakout Targets
Target #1: $0.69
Target #2: $0.8299
Have a wonderful day and follow us now to stay up to take with TA for the hottest cryptos in the cryptosphere!
Let's get this crypto!
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
Comment:
LUA looking like she wants to morph into an ascending triangle which is typically more bullish than a symmetrical triangle.
Comment:
LUA morphing into an ascending triangle continues:
