LSKBTC trade ideas
$LSK Testing 3400support level with some bounce signals...$LSK Testing 3400support level with some bounce signals displaying on lower timeframes... On the daily there is a HUGE dragonfly doji that we will need to follow on the upcoming hours/days...
Worth setting some alerts and refresh the picture by EOD
#LSK
$LSK Support zone at 3800sats was retested...$LSK Support zone at 3800sats was retested after the run of the beggining April leaving a big hammer candle
This could lead us to think that support is holding for now and a new trend up may be up to begin on the following days/weeks.
Will follow this coin as I see updates
#LSK
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
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
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%
Lisk in a fix at 21-EMAs – Sell on ralliesFundamentally, Lisk (LSK), has positively made news, as a result, we’ve seen massive rallies in the March month’s series of trading (almost up about +18.70% so far). But for now, little edgy from the last couple of days.
Technically, LSK/BTC has formed flurry of bearish patterns that is coupled with overbought pressures to signal weakness.
Lisk token has launched for trading on one of Europe’s leading retail crypto exchanges, Bitpanda.
Consequently, Lisk won a community vote for the right to list on Bitpanda, indicating strong support for the token from retail traders in Europe. It is now evident in its underlying price rallies.
However, it is unwise to isolate and give total credits to the news as the pair had actually bottomed out the bear trend in February month only but stimulated from the beginning of March owing to the news.
As you can observe the daily plotting of this LSKBTC, shooting star and hanging man patterns have occurred consecutively at 0.00039598 and 0.00038293 levels.
The stiff resistance is observed at 0.00038783 levels, where the major trend appears to be weaker as upswings restrained below 21-EMAs.
Both momentum oscillators (RSI & stochastic curves) show downward convergence to signal overbought pressures.
Hence, on daily trading grounds, it is wise to short LSKBTC on rallies for further downside targets up to 0.00036360 levels as one could foresee more slumps upon overbought pressures, maintain strict stop loss at 0.00039185 (spot reference: 0.00038138 while articulating).
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -87 levels (which is bearish), while hourly USD spot index was at -41 (bearish), while articulating (at 14:01 GMT).
