LSKBTC trade ideas
LSK/BTC (Retest Key Support Area?)💎Technical Analysis Summary💎
BINANCE: LSKBTC
-Lisk Tested the key support area at 1024 sat
-The selling pressure stopped for a bit
-But the Bears are still waiting to strike again
-So I recommend waiting for the channel upside breakout
-To confirm that the Bulls are now back
-And ready to challenge the market
-Upside target is up to 1400-1500 sat
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Not Financial Advice
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LSK the next step!Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations.
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Can the LSK rise to here?LSK has been down for quite some time and is starting to show signs of recovery to regain balance. Can you seize this opportunity or stand by and watch it move to target areas or possibly drop deeper. It is all about market movements. We are investors, the risk is in your control.
LSK/BTC BREAKOUT TRIANGLE PATTERNSo LSK/BTC has now got a breakout of the symmetrical triangle pattern, price is now retesting that trendline as support. What I also see is that the moving averages are all aligned - moving up. Price has also closed above my monthly resistance (pink line) which is bullish. If you use the MACD, you can see that is has crossed - which also indicates bullish momentum.
I have set an alert at daily resistance (blue line) at price 0.00016498 BTC and looking for a potential LONG if we close above that level.
