Long LSK/USDAltcoins/BTC are crazy oversold. Bitcoin dominance is way too high considering all aspects.
Bitcoin finally looks like correcting and consolidating for a while - which would be perfectly healthy.
Altcoins/USD looks like ready for solid move.
This looks like the time to revive altcoin market. Most weak hands already sold on the way to the bottom.
Cheers!
Lskusd
Lisk is an important moment in a short timeLSK moves in the growth channel bouncing from 0.382 fibbo (down) and 0.236 (top). Considering the declining volume, in the near future one can expect a break from the growth channel or a drop to the area marked in green. In the case of breaking the mountain we will face strong resistance in the red areas.
The best solution, in my opinion, is to remain without waiting for the situation to become clearer or enter the position when we are in the green field.
LSK bright future or further consolidation?The candle from June 16 heralds further increases. In the past, the LSK was similar, after such a growth candle in a few days, weeks, there were strong increases. Will it be the same now?
I have marked a few significant resistance on the chart. As you can see, the price after the last shot stopped at a strong first resistance around the price of ~ $ 4.7. If there is another rapid increase in the near future, this may be another strong resistance. On the other hand, it can be a typical magnet to compensate for this price, but in the long run.
The best moment for buying x <$ 2.00
LSK above all MAs and ready to move up! LSK has now moved above all MAs and consolidating right under resistance ready for its next leg higher.
We are seeing a cross of the 50/100MA with a rising CMF, which affirms our bullish bias.
We could see LSK head for it next targets above if BTC doesn't see a sharp breakdown.
Thanks guys!
LSK Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
LSK BTC DOUBLE BOTTOM
LSK is now sitting in support line and also formed a double bottom which is a bullish reversal pattern.This double bottom means the bearish trend will be changed to bullish trend
RSI is below neutral zone
STOCH bullish cross
MACD bullish cross but we are below neutral zone (which is a bearish sign) so only this bullish cross is confirmed,not the trend
Volume increasing which is sign of accumulation and after will going up. First target is 4600 sats and second 5093 sats which is a fib resistance
There is a possibility for the beginning of an uptrend in LSKUSDTechnical analysis:
. Lisk/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (2.79 to 1.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.79)
Ending of entry zone (1.70)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 4.72
TP2= @ 6.00
TP3= @ 7.19
TP4= @ 9.95
TP5= @ 11.63
TP6= @ 14.57
TP7= @ 17.31
TP8= @ 33.05
TP9= Free
There is a possibility for the beginning of an uptrend in LSKUSDTechnical analysis:
. Lisk/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (2.79 to 1.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (2.79)
Ending of entry zone (1.70)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 4.72
TP2= @ 6.00
TP3= @ 7.19
TP4= @ 9.95
TP5= @ 11.63
TP6= @ 14.57
TP7= @ 17.31
TP8= @ 33.05
TP9= Free
LSKBTC (analyzed with Richimoku & Kumo Waves)Richimoku & Kumo Waves on Lisk / LSK
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