✴️ League of Kingdoms Arena | Bullish, Bearish Or Just Early?

26 Jun 2023

Here we have the same situation I explained with Axie Infinity... This is an interesting Cryptocurrency because it is a game and I love games, even though I don't play them.

Are Cryptocurrency games also securities?
Just kidding...

League of Kingdoms Arena | LOKAUSD


A strong low has been hit this June. The recovery is starting but is still in process.

It is early but the signals are there... The RSI went oversold and a bounce is starting to happen as the cup pattern shows up.

This can lead to a new bullish wave. (#4 in the 1,2,3,4 Steps Pattern).

If the bullish wave does not develop, the chart setup is still great offering low risk with a high potential for reward.

Even though the pair hit a lower low in June compared to November 2022, I still expect a higher high next... Why? I don't know, I just think that the upcoming bullish wave will be strong.

Will be nice to see how it develops though.

With that said, I am never greedy with my trades, I always sell way before the top and never chase the top nor bottom, I just secure profits and make sure to win as many as I can.

Namaste.

4 Jul 2023

Catatan

Bullish breakout confirmed!