cryptogazer

LSK BTC pattern emerging

Long
POLONIEX:LSKBTC   Lisk / Bitcoin
Last time RSI and MACD dropped this low, it signaled the beginning of the last leg of the correction before another big move. Appears that the EMA and MA are about to converge and possibly cross to signal a change in price direction. Could see a new high in a few weeks possibly after a little sideways action. I've increased my holdings in LSK consistently and I am hoping to take some profits on the next move, assuming that the pattern will repeat similarly. IMHO there is never a bad time to buy LSK, but now is a really good time! This one still has a lot of room to go up.

New low could be around .00085 as the correction pattern completes then hopefully a new high around .00195 or as high as .0024, but I think that will depend largely on the price of BTC. Would like to see it close over .00143 to confirm. Even a buy in at .00143 could see as much as 50%!

All of us hardcore LSK hodlers are dying to see how this plays out.

Got slightly lover numbers when I worked it out on coinigy - should give you a good range to work with.
www.coinigy.com/s/i/59df18e8c6081/
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.