LSK looking potentially bottomed, may be good swing trade
Updated
#LSK/BTC (Binance/Bittrex)
Definitely still in risky waters, but we can try to play this uptick to our advantage.
Daily
Seeing the aggressive buy countdown 13 on current candle. as MACD is coming to convergence. pRSI shooting up with CMF yet a bit diverged from accum/dist giving a potential breakout signal. Trading below all EMAs, so with some movement and this bullish price flip current, we're looking like some good room for profits here/ Far away from the kumo resistance cloud, and it thins a bit in future, so also potentially bullish indication here.
12hr
Similar to 6hr below. bullish price action with flip and 1 sell setup, MACD diverging yet sideways mostly, CMF coming up with accum/dist. Trading into thickening kumo resistance cloud bit bearish so planning to pull this trade off sooner than later.
6hr
Showing some bullish price action on the upward sell setup 3, below all EMAs, but leary with the thickening kumo cloud we're trading into. However we do have MACD diverging adding to continued potential momentum upward, accum/dist diverged from CMF as pRSI skyrockets to bit oversold territory.
3 Day
Hmmmm TD is bit bearish, but seeing bullish price flip currently on a buy setup 4 though... indicating we're looking to swing trade this sooner than later.
Entry : 0.0008300 - 0.0008450
Target 1: 0.0008800
Target 2: 0.0009400
Target 3: 0.0010500
Stop-Loss : 0.0007400
Duration: 1-3 weeks
Definitely still in risky waters, but we can try to play this uptick to our advantage.
Daily
Seeing the aggressive buy countdown 13 on current candle. as MACD is coming to convergence. pRSI shooting up with CMF yet a bit diverged from accum/dist giving a potential breakout signal. Trading below all EMAs, so with some movement and this bullish price flip current, we're looking like some good room for profits here/ Far away from the kumo resistance cloud, and it thins a bit in future, so also potentially bullish indication here.
12hr
Similar to 6hr below. bullish price action with flip and 1 sell setup, MACD diverging yet sideways mostly, CMF coming up with accum/dist. Trading into thickening kumo resistance cloud bit bearish so planning to pull this trade off sooner than later.
6hr
Showing some bullish price action on the upward sell setup 3, below all EMAs, but leary with the thickening kumo cloud we're trading into. However we do have MACD diverging adding to continued potential momentum upward, accum/dist diverged from CMF as pRSI skyrockets to bit oversold territory.
3 Day
Hmmmm TD is bit bearish, but seeing bullish price flip currently on a buy setup 4 though... indicating we're looking to swing trade this sooner than later.
Entry : 0.0008300 - 0.0008450
Target 1: 0.0008800
Target 2: 0.0009400
Target 3: 0.0010500
Stop-Loss : 0.0007400
Duration: 1-3 weeks
Note
Looks like we hit our T1 for about 5.3% profit!
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