LYFT has been in a crazy downtrend and it has lost over 90 % of its value from its ath.
However, things start looking interesting. We can see a bullish divergence on weekly time frame which suggest a sellers exhaustion.
However the downtrend is still in tact.
How to trade it?
You can enter long at the breakout of the falling wedge once we get it.
Entering long at 8 $ could be also a way as it's close to all time low that we saw in May 2023.
It would be also reasonable to buy at the downsloping support if the price goes so low.
Unfortunately fundamentals are not very good for LYFT therefore this trading idea is based SOLELY on the Technical analysis.
What do you think about LYFT? is it going to recover?
Share your opinion in the comment section.
P.S Make a note that all take profit levels are with a mid-term and long-term horizon.
Good luck
However, things start looking interesting. We can see a bullish divergence on weekly time frame which suggest a sellers exhaustion.
However the downtrend is still in tact.
How to trade it?
You can enter long at the breakout of the falling wedge once we get it.
Entering long at 8 $ could be also a way as it's close to all time low that we saw in May 2023.
It would be also reasonable to buy at the downsloping support if the price goes so low.
Unfortunately fundamentals are not very good for LYFT therefore this trading idea is based SOLELY on the Technical analysis.
What do you think about LYFT? is it going to recover?
Share your opinion in the comment section.
P.S Make a note that all take profit levels are with a mid-term and long-term horizon.
Good luck
註釋
LYFT remains under the resistance line. If it drop to 7,90 $ , we may see a double bottom and a potential trend reversal
交易進行
LYFT broke the downtrend. It's bullish now!註釋
on 13 of February , LYFT will report earnings. Be ready for a solid dump like on Snapchat last week註釋
dips are for buying註釋
no dips on LYFT. LYFT pumping hard
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。