To have a "volume breakout" the daily volume doesn't necessarily needs to be big/strong, it just needs to be above-average for several weeks.
Notice the chart above...
Today's volume bar is the highest volume bar we've had on the LSKBTC chart since 26-May, that's over 4 weeks.
A volume breakout can signal that the trend is about to change.
Now, we also have...
LISK IS UNDERGROUND GEM
R1: TENKAN SEN
R2: RED AREA
S: RSI TREND LINE AND POSITIVE DIVERGENCE
VOLUME: IS GOOD
AFTER R1-R3 YOU CAN HAVE A GOOD PROFIT
IT IS NOT FINANCIAL ADVICE
RISK MANAGEMENT AND BUDGET MANAGEMNT IS IMPORTANT
An idea for LISK
I feel on the USD pair that the upper band of the parallel channel will soon be broken, and upward momentum will proceed
On the BTC pair evident 'degeneracy' will soon reverse with a bottom formed, this is more commonly seen among altcoins these days as BTC.D is dumping
Chart was requested
I am neutral on LISK
LSK has broken out of the trendline resistance, revisited it and is now heading for the next resistance zone. With the upcoming events, we could see a move towards 2846, 3058 and 4165 sats. LSK/BTC is currently at 1928 sats.
LSK/USD pair is trading at $10.23 now with a market cap of $ 1,513,533,294. Its 24 hour trading volume was $625,919,342.
$LSK char From Polo for sake of longest history of price.
Rising volume can be seen on Binance, indicating a trend reversal, right now the price is pulling back from an attempt to break the 1.6k level (0.236 on the 1st fib set).
Next resistance expected around 0.0003, the 0.764 fibline of first fib set, also a good place...
Better late than never.
If you miss the #KMD move, then you can still ride #LSK.
Similar to #KMDBTC pair, this is another clean classic inverted head & shoulders pattern.
Ongoing continuation of the uptrend.
To be continued...
Publishing this now although I've been buying since one day Ichimoku turned bullish. This appears to be another U-Shape recovery, see my other analysis that are similar on $ARDRBTC. The volume is doing okay at matching u-shape. It trended down, but after turn went way up, so not exactly a U, more like a hockey stick. We'll see if that matters.
- In this idea I want to show you a Moon pattern, which is absolutely ready for a massive breakout in the immidiate, short term!
- Please watch my related idea about LSKUSD in the related section, you really do not want to miss it.
- Our minimum profit target is 0.618 FIB, you should not take profits earlier than it is necessary.
- Must reach my profit target...
- A huge head and shoulders pattern is breaking out after a sucesful pulback with a massive bullish momentum!
- Looks like 200 weekly moving average is now beying also destroyed by the bulls absolutely uncompromisingly!
- LISK Rank 105 on coinmarketcap, 24h volume $273,893,999
- Expected duration of the trade, probability, stop loss, profit target, entry price...