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
$LSK Testing 3400support level with some bounce signals displaying on lower timeframes... On the daily there is a HUGE dragonfly doji that we will need to follow on the upcoming hours/days...
Worth setting some alerts and refresh the picture by EOD
$LSK Support zone at 3800sats was retested after the run of the beggining April leaving a big hammer candle
This could lead us to think that support is holding for now and a new trend up may be up to begin on the following days/weeks.
Will follow this coin as I see updates
. LISK/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. There is a possibility of temporary retracement to suggested support zone (0.00038500 to 0.00033360). if so, traders can set orders based on Price...
Nice setup on LSK, you can:
1. Buy now and sell on top of the box
2. Buy on the bottom of the box
3. Buy on breakout
I think LSK will gonna breakout soon nonetheless. Kumo Breakout. Nice consolidation.