There is a possibility for the beginning of an uptrend in LSKBTCTechnical analysis:
. LISK/BITCOIN 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00038500 to 0.00033360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00038500)
Ending of entry zone (0.00033360)
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= @ 0.00047420
TP2= @ 0.00054390
TP3= @ 0.00067700
TP4= @ 0.00076560
TP5= @ 0.00088700
TP6= @ 0.00103390
TP7= @ 0.00148450
TP8= @ 0.00185000
TP9= @ 0.00221540
TP10= Free
LSKBTC trade ideas
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!
Lisk on the Daily Breakout!Hey guys, It's been a while. I hope you have been well. I was away focusing on my trading system, and I think you will be pleased. I'll let the results speak for themselves.
So Here on Looks like a potential breakout, approaching the 200 moving average on the Daily time frame. Volume picking up, and 20-40-55-81 moving averages supporting.
I would do something like this.
#LSK/BTC
Exchanges: Binance
Signal Type: Regular
Entry Zone: 0.0004025-0.0004100
Take-Profit Targets:
1) 0.0004400
2) 0.0004600
3) 0.0005000
4) 0.0005500
Stop Targets:
1) 0.0003400 - 100.0%
LSKBTC pair 1-4 HR TFCounting the Impulse wave (12345), we are currently on the wave 4. LSK found support on the current price and might breakout anytime soon. There’s another support below which I consider also another buy zone. If enter into trade SL is 3%. See image for possible buy and sell zones.
MACD on 1-4 hrs shows sign of exhaustion form sellers. On CCI, the lagging indicator is on its oversold area.
Note: In trading there's no guarantee that you will gain or lose but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.