I'm seeing a consolidating wedge forming with 
LSKBTC. It's done surprisingly well during the BTCUSD downturn. I'm also seeing a nice reversal on the TRIX and the MACD from the last previous spike. If this trend repeats itself, I think we'll see movement towards the upper end of the triangle. The next couple of days will indicate which direction LSKBTC is headed, but it looks like it is preparing to make another jump. If we see the flat pricing and low volume that we've see the past couple of days, it is likely that we'll see LSKBTC head towards that corner that the wedge will form. I'll keep this updated as LSKBTC makes up its mind.
I'd like to hear your thoughts onLSKBTC! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears finally take it below the bottom support? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
LSKBTC. It's done surprisingly well during the BTCUSD downturn. I'm also seeing a nice reversal on the TRIX and the MACD from the last previous spike. If this trend repeats itself, I think we'll see movement towards the upper end of the triangle. The next couple of days will indicate which direction LSKBTC is headed, but it looks like it is preparing to make another jump. If we see the flat pricing and low volume that we've see the past couple of days, it is likely that we'll see LSKBTC head towards that corner that the wedge will form. I'll keep this updated as LSKBTC makes up its mind. I'd like to hear your thoughts on
LSKBTC! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears finally take it below the bottom support? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Note
It's been a good day for LSK, we're approaching our upper resistance boundary. Let's hold tight and prepare for some movement!Note
For those that are interested, I'm seeing a positive channel forming. We've got some health movement!Note
Looking at the channel drawn above, we dropped way out of it today. We dropped down to the bottom edge of the wedge. If we drop below this, I think we'll see a bearish trend established.Note
Hey all, check out my trade idea with analysis and targets for Lisk! I'm long-term bullish, but targets to track our progress don't hurt!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.