Long
LSKBTC - Cup and Handle pattern
LSKBTC is forming a cup and handle pattern on the 4h chart, setting it up to break the main resistance at approx. 14000 sat.
After being rejected once, LSK gained back tempo by finding support on the 4hour 100 MA and might now be ready to break the main resistance at 14k sat. Another strong resistance is seen at 14400 sat (200day MA). If lisk manages to take out both, huge gains are possible.
After being rejected once, LSK gained back tempo by finding support on the 4hour 100 MA and might now be ready to break the main resistance at 14k sat. Another strong resistance is seen at 14400 sat (200day MA). If lisk manages to take out both, huge gains are possible.
Note
resistance at 14k was taken outTrade closed: target reached
at this moment the second resistante (14400sat) was taken out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.