LCX could fall hard (Look at charts, not the hype!)
The LCX token experienced immense hype over the past month, and in the last two weeks, nearly every content creator and influencer on the web discussed its potential for a 10x-20x increase or more.
However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling pressure.
Furthermore, upon examining the 4-hour chart, it's evident that the token broke below the neckline of a Head and Shoulders (H&S) pattern. Considering these factors, it's possible that the token could decline to 0.02, which represents an old support level. If there's a correction across the cryptocurrency market, the target for the H&S pattern could extend even lower, potentially to
Note
Lcx failed again towards 0.3, with BTC ready to correct hard and considering the volatility of this tocken, 0.15 becomes highly probable
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.