💎Technical Analysis Summary💎
-Lisk broke the weekly key support area around the 1100s sat
-This is confirmed after more bearish candles formed
-Technically, this is not good in the midterm
-As the price started moving on the downtrend market again
-If we see LSK bounce up to previous support
-That would be likely a Bearish retest and continue...
💎Technical Analysis Summary💎
-Lisk Tested the key support area at 1024 sat
-The selling pressure stopped for a bit
-But the Bears are still waiting to strike again
-So I recommend waiting for the channel upside breakout
-To confirm that the Bulls are now back
-And ready to challenge the market
-Upside target is up to 1400-1500...
Lisk is an interesting altcoin, that I believe stopped correcting recently. Anyway higher lows in daily time frames, appearing in Wave 1/2 of impulse. I'm longing it! Don't ask me about targets - the market cannot be timed.
Hey, I am back with another idea, this time looking at another altcoin that has come to my attention.
Lisk is breaking out of the resistance area, same as KAVA, WAVES and ZIL did! Check out my few last ideas to see for yourself.
The tactic remain unchanged, buy the breakout!
Happy alt season!
-Two bullish reactions at key support area located at 1050 range
-The price today has recovered 30% increased from the key area
-The only problem is the descending trendline resistance
-This will give extra selling pressure in the short term
-But if the Bulls can regain above this resistance zone
-We might see a true reversal confirmation
-we can see a clear rejection of flat area of resistance at 1400
-the price pullback to the 50ma dynamic support range
-bulls keep a series of higher lows which will give potential breakout
-technically, it is forming a bullish ascending triangle
-a confirmation upside breakout is the only thing we are waiting
-the potential upside target is up to...
1.LSK has broken the resistance of trend line. The trend started from 10 Feb 2020. And it has broken the trend line.
2. Also there is a daily support which has been tested and rejected indicating a strong support.
3. 1310 is the daily support level and is a good spot to enter the long trade.
Pretty simple TA here. Bullish breakout with a bullish daily MACD. The key level to beat is the .00014 level. This level acted as strong support from February till May and then it fell below and got trapped. I am watching for the breakout beyond the blue price level. This would be a strong buy signal.
Technically, by crossing the Ichimoku clouds, one can easily expect 3200% growth for LSK.
Today bullish scenario for Lisk,
I wish this will happen, but in general we are in very bad situation with global economy, we cannot forgot about it. Markets can show some weakness near future and bitcoin can follow it. Demand zone can be much lower where we think. Advice to follow situation, and take responsible decisions.
Good luck people