daoist
Long

LSK Breakout Strategy

POLONIEX:LSKBTC   Lisk / Bitcoin
Looks like we hit a good bottom @ 55K LSK this morning. 60K was a great buy area imo             . I believe LSK can overcome overhead resistance today and try for a breakout by the end of the weekend. Watch for volume dropping from Bitcoin (currently 275k BTC ) and increasing LSK buy pressure at Poloniex to confirm breakout strategy. Current LSK trading volume on Coinmarketcap is ~14,500 BTC , waiting for 20K BTC volume to enter LSK market.
Comment: BTC price hit year hight today, volume surpassing 336,239 BTC. The DAO also hit the market today and trading volume is increasing on Poloniex. New entry point for LSK looks steady from 60K range.
Trade active: Price maintaining momentum at support levels.
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