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Crypto28
Nov 1, 2018 10:53 AM

Adam-Eve double bottom formation in LSKBTC  

Lisk / BitcoinBinance

Description

Pretty clear Adam-Eve formation, quick price drop with low volume first in 28 days followed by a faster price surge with higher volume in just 11 days and finally a slower drop in 50 days. At the moment LSK is sitting at the bottom with a significantly higher volume which indicates that this coin has entered the accumulation phase. Target of this formation is around 80K satoshi, mid term low risk trade in my opinion.

Comment

tradingview.com/chart/paDJpsJz/

As it can be seen we have also got a local double bottom, short term resistances in this chart, will be updating as we go through with further resistance points.

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