Lisk left the down trend and is currently retesting it.
First target is top of flat structure but it looks to me, it will fly further.
How to trade? Wait for breakout, SL below yellow trendline.
More targets can be determined after break out of flat structure.
I will update.
**trade what you see, not what you think**
First target is top of flat structure but it looks to me, it will fly further.
How to trade? Wait for breakout, SL below yellow trendline.
More targets can be determined after break out of flat structure.
I will update.
**trade what you see, not what you think**
Note
Weakness in alts due to the strong performance in BTC pushes LISK also deeper as expected. I have adjusted the patterns and this is how it looks right now.We're reaching an important zone, several trendlines/support is sticking together here.
Breaking this zone is nasty and would give a lot of room to the downside.
Lets see how it plays out and if we get a bounce
Note
I have a bad feeling about this....just like many other alts.Be carefull!!
Note
We've had some stormy days in cryptoland, but I'm expecting that we continue to the upside for BTX and many alts. LISK I'm looking at these 2 identical patterns which indicate that we might break out for a decent upmove to the blue box.
if you're not already in (I kept my coins and added to my position during the dips), you should wait for the breakout and check if it shows a continuation pattern (check my link below here how to trade breakouts).
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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.