Lux is going for a max #Superchartz

26 lug 2023

Key Levels:

Support: 2490 to1510

Resistance: 1605 to 1630

Major hurdle: 200 EMA should cross and close above.

Significance of the 200-day Exponential Moving Average (EMA):

1. **Trend Identifier**: The 200 EMA helps traders identify the overall trend of a financial instrument - above it indicates a bullish trend, and below it signals a bearish trend.

2. **Key Support and Resistance**: It acts as a significant level of support (above the EMA) and resistance (below the EMA), attracting buying or selling interest at that level.

3. **Market Psychology**: Due to its popularity among traders, the 200 EMA influences market sentiment, making it more likely to impact price movements.

4. **Confirmation Tool**: Traders use the 200 EMA alongside other indicators to confirm potential reversals or trend continuations, enhancing its reliability.

Remember, while the 200 EMA is a valuable tool, it should be combined with other analysis and risk management strategies for more informed trading decisions.

27 lug 2023

Trade chiuso: obiettivo raggiunto

Target Achieved

11 ago 2023

Trade attivo

New Levels are active now