Why I think this:
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
Comment:
If you entered when I said to earlier, I would recommend pulling out or be ready to average down your price. It does appear it could move down some before moving up, perhaps touching the lower retracement support level.
At the time of writing, LSKUSD is $8.