Less than two days ago we looked at Lisk vs Bitcoin (LSKBTC) together... We looked at so many signals and the bullish break is now confirmed...
Previous trade idea below:
Prices are moving above EMA100 and the indicators are looking stronger... We can say a change of trend is certain now, we are looking at additional growth.
The targets are mapped on the...
We are going to be focusing on the chart signals for LSKBTC.
1) We have a Falling Wedge Pattern (blue).
2) In this same pattern we also have a broken downtrend line. You always have a downtrend line with the falling wedge.
3) Long-term higher low (Jan. 2021 - Feb. 2022).
4) Volume breakout.
5) Break above EMA10/EMA50.
6) Entire Cryptocurrency market going...
I also remembered LISK now, from the older coins category. Did not want to miss that
So here it is.
I will keep you updated as always!
Other old coins to keep in mind (may pump):
VIB - had a mini pump
QKC - had a mini pump
AMB - had a mini pump (may go lower5-7%)
MFT - may pump soon
GXS - another old one
OAX - may go lower 3-5%
just check them...
chart-art shows POSSIBLE uptrend , green trend-line means bullish Short to midterm. Over the red fibo Level canbe 🐂, & under will be bearish.
~~N0 Speculations arrow. And N0T trading Advise either, dyor pls.
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