[LSK/BTC] - Breakout or Fakeout?
Updated
LSK/BTC has been ranging in an ascending channel since last June but could be entering in a bullish breakout. However, a bearish breakout in December turned out to be fake so what we're looking for a is a return to broken resistance and confirmation that it has turned to support. If price bounces, we're good to go, otherwise it's back to business as usual.
Fib extension gives us a target of ~0.004.
Fib extension gives us a target of ~0.004.
Note
This is nearing the bottom of the channel. A good swing trade entry could happen at around 0.0009 with a target of the top of the channel at ~.0040. Keep an eye on this.
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