To have a "volume breakout" the daily volume doesn't necessarily needs to be big/strong, it just needs to be above-average for several weeks.
Notice the chart above...
Today's volume bar is the highest volume bar we've had on the LSKBTC chart since 26-May, that's over 4 weeks.
A volume breakout can signal that the trend is about to change.
Now, we also have...
After the break out. We retested the critical area around 13000 k. Now we are looking for next target 30k sat.
That is a very strong resistance, we can take some profit around it.
Above 30k. It wil be a quick journey to 45000 and 80000.
An idea for LISK
I feel on the USD pair that the upper band of the parallel channel will soon be broken, and upward momentum will proceed
On the BTC pair evident 'degeneracy' will soon reverse with a bottom formed, this is more commonly seen among altcoins these days as BTC.D is dumping
Chart was requested
I am neutral on LISK
LSK has broken out of the trendline resistance, revisited it and is now heading for the next resistance zone. With the upcoming events, we could see a move towards 2846, 3058 and 4165 sats. LSK/BTC is currently at 1928 sats.
LSK/USD pair is trading at $10.23 now with a market cap of $ 1,513,533,294. Its 24 hour trading volume was $625,919,342.
$LSK char From Polo for sake of longest history of price.
Rising volume can be seen on Binance, indicating a trend reversal, right now the price is pulling back from an attempt to break the 1.6k level (0.236 on the 1st fib set).
Next resistance expected around 0.0003, the 0.764 fibline of first fib set, also a good place...