LYXE Lukso Dips and Rips - What's Next?

MASSIVE VOLUME AS LUKSO TRENDS

This is a tough call. I wish I had grabbed a bag of this on the last dip. But I didn't see this run coming. The technical analysis for this chart is provided by the Tradingview.com website.

What makes this chart so hard to read is the messy stochastic. It appears to be on a downward move now. But the fast and slow lines just crossed, which indicates change in direction.

Sure, it might not last long, but it's there. I'm not buying this right now because this is definitely not the right cycle.

Notice how it was trading below the 50-day EMA for a spell, and now it is flying HIGH above the 50-day EMA. The buying signal should normally be when the price line is the farthest distance below the line.

I'll watch this one for a while before making a move. Volume is super strong, but I don't know what is driving it. Is there a fundamental event supporting this volume surge?

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

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