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.
Buy zone: 0.00146 - 0.00148
STOP-LOSS: Close 4H candle under 0.00145
When LSK reach all targets i will update the new targets
*Dont forget to follow me to check ur currencies everytime*
watch lisk NOW, it has very good potential
Great project, great news to come, low prices, at the bottom and have a great team.
I don't think lsk will get below 14$ . It might get lower so I advise you to start buying at these levels.
check the chart it says alot.
let the game begun ;)
Lets look at LSKBTC chart. I founded something reaaly interesting.
We are in uptrend - yes. Trend is your friend. Also we are in trading channel.
But look at RSI and EMA200, this is what interested me most. All times before,
when RSI was oversold like now, and we was touching EMA200 suppor - like now,
lisk was bouncing up... like now ??? Lets wait...
We might be in a first ABC correction right now, and the C vawe is forming.
If so, we might expect to fall down a little more, maybe to Fibonacci 0,236lvl, which is at ~10USD. And this might be our buy zone.
The Lisk team leaders are planning some minor meetings in march, but i don't expect this would affect the price significantly.
There is a break above resistance trend line and bulls should be in charge since prices are outside the bull flag.
Buy stop above recent highs of $5.2 with targets at $7.2 should be ideal.
Enjoy your trading day.
It is highly likely that that 28-29.10.2017 double bar reversal pattern with a stochastics buy signal was a retest of the support-previous resistance line at $5.0.
If so, then we expect LSK bull pressure to continue with immediate target at $6.5. For that to happen, there should be a resurgence and closure above the 20 period MA and the resistance...