BITTREX:LSKBTC   Lisk / Bitcoin

LISK is looking in doubt. We have the option to form a bearish pennant and retrace deeper. It has been fighting its recent downtrend for a while now. And so far lacks the power to break thru. The resistance is heavy coinciding with both the 50 and 200 EMA . That's pretty much the bearish scenario.

The bullish scenario is that we start/ are forming a new ew cycle upwards. The resistance will have to be broken to the upside with good strength to confirm the power of the bulls. The MACD and WT tell us it is looking or will soon try to fight the bears on the Line. The stronger support lies @ 125k- 127k level and at the 100k level. If we do manage to break upside the trading opportunity could bring good rewards. Goodluck
Trade active
Comment: touch resistance hold
Comment: Watch here trying to break up
Comment: We have a proper break out now on the daily. With a re-test of the previous resistance > now support. If BTC keeps working upside expected


can i buy here at current price? if you reply,

Many thanks
bloodleach chjabbar
@chjabbar, hmm heavy resistance at 145k, i would buy after with short stop... but higher buying is more risk keep in mind. I do believe if we break out we will go higher do of 145k resistance line
chjabbar bloodleach
@bloodleach, ok thanks
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