LSKBTC trade ideas
1 day / bullish signals as key level is tested1/ It's been sideways since the move up in June but we're currently breaking out and stalling at the 1 fib extension level
2/ Ichimoku cloud has turned green once again signalling the incoming breakout attempt; the previous 2 failed
3/ In June when resistance turned support the price quickly tripled
4/ T.K. cross and 50 EMA has crossed up through the 100 EMA, both bullish
If we can hold above the 1 fib level and see resistance turn support we may see a repeat of June.
If so, trend based fib extension would put 0.003 and 0.005 as the next key prices, +50% and +250% from current prices.
Lisk a continuation of the previous interpretationIf you check the lisk chart that I posted a couple of days ago , it seems to have reached all the targets .
Tomorrow 10th January will be the Relaunch Event of Lisk , if everything goes according to expectations we will have a new profitable target on Fib : 1.618
For a long term the Lisk project seems to be very interesting and we will see a Fibonacci 2.618 that you can find in the chart .
LSKReally everything on this chart signals Bull. The bullish flag was broken after a 0.382 fib test and then following the flag break to the top we got an ATH break. There is nothing in LSK way at the moment and we should see a good run in the following few days. LSK first target is around 295K sats.
Lisk on the way to his rise We have 2 posibility
1. from the Fib 0.382 to see a jump and retest of the all time high .
2. a retest of the Fib 0.5 support after that he will continue his way to the moon .
Is hard to believe that will return on his support because the Lisk team have a powerfull project , on February they will have the rebrend and a lot of new updates .
In my opinion the fibonacci extensions 1.272 will be far exceeded in the coming month and probably we will see lisk more then : Fib extension 1.618 in Satoshi that means around 300.000
LSKBTCLSK did another quick rise and got to ATH. If we look back, we can see that after each such a rise, it dropped hard. I saw some nice observations of history repeating in the past (this one from @AAlFadhala is my favourite: ).
So my point of interest in currently that red line. If this will get broken to downside, bellow channel line will be next target/support. If also this one will get broken, there are high chances that we come back down to blue support line. Watch RSI and MACD, they seem to become "dangerous".
I'm not sure about shortening, especially at what level should I short it - I burnt my fingers a few times with shorting in the past. So let's wait and see what will happen.
Note that Fib extensions and entry point are from previous TA (the linked one).
