Altcoins/BTC are crazy oversold. Bitcoin dominance is way too high considering all aspects.
Bitcoin finally looks like correcting and consolidating for a while - which would be perfectly healthy.
Altcoins/USD looks like ready for solid move.
This looks like the time to revive altcoin market. Most weak hands already sold on the way to the bottom.
Here is an interesting trading idea.
We expect to gain 260% depending on the market condition.
Above mentioned level (0.0004654) is not ATH but the level from March 2019.
This looks feasible.
Here are the technical analysis details:
• The current price is one of the lowest in history (lowest was in April 2017)
• We observed a positive divergence on RSI (RSI...
$LSK Crossing above 26k sats (resistance) with low volume... Still UCTS Buy signal flashing on the daily...
If it manages to get some traction (volume), it could move up to 30ksats (around 10%) from current level as first target...
If you take a position, SL just in case!
It seems to me that altcoins, in this case Lisk won't drop lower in relation to Bitcoin, they dropped too much and there is huge space for upward movements. Additionally Bitcoin should stagnate/drop a bit in upcoming weeks after small bull awakening.
Lisk is also very promising coin, very close to release their Alpha SDK, which allows development of blockchain...
$LSK reached ATL BTC support level at ~31K sats..
21% down since the UCTS Sell signal printed on the 1D
RSI at oversold levels
Volume really low (could be exhaustion)
Due to current market status (BTC pumping..) wait for true signals of reversal/bounce prior buying this