Lisk | A New Round StartsA new group of altcoins is now going bullish... Lisk (LSKBTC) is part of this group.
On this chart, we can notice a fake breakdown marked orange... Prices broke below support just to quickly move back up.
We also see a break of EMA10/50/100 and EMA200 taking place now.
We have a higher low compared to 8-Jan, plus a very strong RSI and a bullish cross on the MACD.
To finish, we have above-average trading volume coming in.
This can all signal that Lisk is ready to grow.
Namaste.
LSKBTC trade ideas
#LSKBTC (Long Term) 8/20 #LSKBTC (Long Term)
Buy : 0.00013060 - 0.00012087 - 0.00011187
Target 1: 0.00013715
Target 2: 0.00017631
Target 3: 0.00022855
Target 4: 0.00032650
Stoploss: 0.00010900
Signal R/R: 10% / 150%
Net ROI : 50%
Invest: 3%
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
LSK/BTC (Strong Bounce @ Key Support)LSK/BTC
-Two bullish reactions at key support area located at 1050 range
-The price today has recovered 30% increased from the key area
-The only problem is the descending trendline resistance
-This will give extra selling pressure in the short term
-But if the Bulls can regain above this resistance zone
-We might see a true reversal confirmation
-My upside potential target is up to 2300 sat area
LSK/BTC (Bullish Triangle Pattern?)LSK/BTC
-we can see a clear rejection of flat area of resistance at 1400
-the price pullback to the 50ma dynamic support range
-bulls keep a series of higher lows which will give potential breakout
-technically, it is forming a bullish ascending triangle
-a confirmation upside breakout is the only thing we are waiting
-the potential upside target is up to 1700-2000 range or higher
-invalidating my bullish bias if the ascending trendline is broken down
LSK is Converging and ready for Breakout1.LSK has broken the resistance of trend line. The trend started from 10 Feb 2020. And it has broken the trend line.
2. Also there is a daily support which has been tested and rejected indicating a strong support.
3. 1310 is the daily support level and is a good spot to enter the long trade.