LSKBTC trade ideas
LSKBTC Degeneracy Reversal An idea for LISK
I feel on the USD pair that the upper band of the parallel channel will soon be broken, and upward momentum will proceed
On the BTC pair evident 'degeneracy' will soon reverse with a bottom formed, this is more commonly seen among altcoins these days as BTC.D is dumping
Chart was requested
I am neutral on LISK
LSK - 4165 satsLSK has broken out of the trendline resistance, revisited it and is now heading for the next resistance zone. With the upcoming events, we could see a move towards 2846, 3058 and 4165 sats. LSK/BTC is currently at 1928 sats.
LSK/USD pair is trading at $10.23 now with a market cap of $ 1,513,533,294. Its 24 hour trading volume was $625,919,342.
$LSK* Best entry is the break out retest of downtrend line.
* Solid project with big potantial.
* Retraced to 0.618 fib level which is a good level if holds.
* Currently playing around 50-100 EMA levels which are acting as resistances.
* Bullish StochRSI cross.
* Bullish MACD cross is about to happen.
$LSK/BTC long term targets$LSK char From Polo for sake of longest history of price.
Rising volume can be seen on Binance, indicating a trend reversal, right now the price is pulling back from an attempt to break the 1.6k level (0.236 on the 1st fib set).
Next resistance expected around 0.0003, the 0.764 fibline of first fib set, also a good place to take some profits.
Next Target is the 2.618 fibline of the newest fib set, sitting at roughly 60k satoshi.
Finally the more long term targets, the 4.236 fibline of the first fib set at 0.0016 satoshi, which was used as resistance multiple times in the past. The 2.618 fib of the 2nd fib set at 0.0034 satoshi, which market the ATH of the previous cycle.
And last but not least, a moonshot to reach a new all time high the 4.236 fibline of the 2nd fibset at 0.0052 satoshi.
LSK Bullish MomentumPublishing this now although I've been buying since one day Ichimoku turned bullish. This appears to be another U-Shape recovery, see my other analysis that are similar on $ARDRBTC. The volume is doing okay at matching u-shape. It trended down, but after turn went way up, so not exactly a U, more like a hockey stick. We'll see if that matters.
I'll start this idea with 2-Day Ichimoku since 1) One day Ichi is full on bullish. and 2) it's trending to go bullish and we can plot bigger targets. Tenkan above Kijun. Price above cloud. Almost bullish: Lagging indicator just below cloud but above price so that a good sign. Cloud trending to bull. I could buy when all indicators turns green, or take the risk on one indicator lagging. I'll take the risk.
Target 1 is 1800 sats. Target 2 is 3260 sats, as marked by the price targets. The second target has a steeper rise because things tend to go parabolic. Also potential for cup and handle (u-shape is cup), so we can plot that when we near target 1.
Lisk LSKBTC - MOON Pattern! NEW Bull market + Elliott Wave count- In this idea I want to show you a Moon pattern, which is absolutely ready for a massive breakout in the immidiate, short term!
- Please watch my related idea about LSKUSD in the related section, you really do not want to miss it.
- Our minimum profit target is 0.618 FIB, you should not take profits earlier than it is necessary.
- Must reach my profit target by the end of the year.
- Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓
- Impulse Elliott Wave (12345) completed sucesfully, and now we can expect an ABC correction to the upside.
- And If you think this idea sounds interesting, that I think you should definitely hit "Like" & "Follow"!
