BITTREX:LSKUSD   Lisk / US Dollar (calculated by TradingView)
LSK is rising in a well defined trend channel. Also the EW-theory looks good - I think LSK could be in wave 4 to 5.
We´ve got a first aim which is the fib retracement 23.6% (13,9$). But this shouldn´t be the peak of w5. With enough momentum it should break through and rise to higher prices.
One possibility is the swing trend line at about 16.4$. In a very good scenario even the next fib retracement comes in consideration. The fib retracement 38.2% (19,20$).

The indicato RSI is in neutrall zone but climbing.
MACD is negative but turning to the top; trigger line has just crossed the signal line (4h-basis).

So both have much space before getting in overbought zone.

if hte price falls down out of the trend channel and doesn´t come back into it, then this analysis is false. One can place a stop at about 10.22$ (swing trend line )
first take profit for short term investors will be fib retracement 23.6%
after having passed this line it´ll be the new stop-level


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.