JohnBat

Good opportunity for 100% on Lisk?

JohnBat Updated   
POLONIEX:LSKUSD   Lisk

The Lisk course exploded from the bottom of 2016 to the last peaks of 2019. The resistance at 2.2 turned out to be strong enough to act as a supply zone, which is understandable due to the long consolidation at that place in 2019. What is the plan:
The price after such big increases will probably fall to 618 fibbo (green box). After posting this level, I expect a rebound around the last maxs on LSK. If the demand side turns out to be strong enough, we can break the level of ~ $ 2.2 and go further. However, at this moment it is best to wait and see what will happen. Bounce back (red box) is very likely and possible 100% profit.
Comment:
"Bounce back (red box)" ofc i mean green box. Sorry
Comment:
Ss you can see we have approached fibo 619. I think that the reflection may take a bit longer and the course will go even lower. How low I think max to 1.0 $
Comment:
Comment:
further increases in the long run. In a short time to fall below $ 1.3 or maybe $ 1.2 and another rebound to the level of the trend line.
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