Hello traders, we are here for you even on Saturday! Having a cup of coffee
we are going through some Cryptos to see what's going on and we saw something interesting. Well, as you can see BTC
went sharply higher while some ALTcoins stayed sideways and many traders started to speculate, that correction can be completed at this stage, but we are talking all the time that wave structures and patterns are the most important to recognize direction! And as you can see, wave structures are very sharp and impulsive, so we cannot say yet that Cryptos will go down here, especially when we take a look on BITTREX:LSKBTC
, which has clearly bullish pattern
for much higher levels towards 58 level, especially because it's bullish
confirmed with broken channel resistance line. Actually, LISK is not a leading cryptocurrency, but based on structures and targets on other cryptocurrencies, we think that Cryptos is not going to stop just like that and we don't expect any significant decline, so we think that rally will continue and any short decline will be just a temporary pullback within uptrend!