LiskLong
LSKUSD $13? Elliot Wave Analysis
Updated
Why I think this:
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
Note
BUY LISK NOW - BULLISH MACD DIVERGENCE + RSI BREAKING OUT OF FALLING WEDGE.At the time of writing, LSKUSD is $8.
Note
If you entered when I said to earlier, I would recommend pulling out or be ready to average down your price. It does appear it could move down some before moving up, perhaps touching the lower retracement support level.
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