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.
LSK moves in the growth channel bouncing from 0.382 fibbo (down) and 0.236 (top). Considering the declining volume, in the near future one can expect a break from the growth channel or a drop to the area marked in green. In the case of breaking the mountain we will face strong resistance in the red areas.
The best solution, in my opinion, is to remain without...
The candle from June 16 heralds further increases. In the past, the LSK was similar, after such a growth candle in a few days, weeks, there were strong increases. Will it be the same now?
I have marked a few significant resistance on the chart. As you can see, the price after the last shot stopped at a strong first resistance around the price of ~ $ 4.7. If there...
LSK has now moved above all MAs and consolidating right under resistance ready for its next leg higher.
We are seeing a cross of the 50/100MA with a rising CMF, which affirms our bullish bias.
We could see LSK head for it next targets above if BTC doesn't see a sharp breakdown.
LSK is now using the resistance as the support. If this holds, we could see a nice ride. I am holding this one with a stop loss. Be wary that Bitcoin could ruin this trade so have a stop loss in place in case this does happen.
-Ichi cloud looks good
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
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