LISK is currently trading in this range.
It will test the 12.5k/13.2k resistance levels before it can expect any large moves upward.
I expect it to go upwards and break these levels due to the fact that it is holding its 50HR MA + the Squeeze Indicator is tightening up.
However, the break of these resistance levels are confirmation of a large bullish move upward.
Watch for the levels to break. I am personally buying in after the 13.2k resistance level breaks.
Good luck out there and happy trading everyone!
It will test the 12.5k/13.2k resistance levels before it can expect any large moves upward.
I expect it to go upwards and break these levels due to the fact that it is holding its 50HR MA + the Squeeze Indicator is tightening up.
However, the break of these resistance levels are confirmation of a large bullish move upward.
Watch for the levels to break. I am personally buying in after the 13.2k resistance level breaks.
Good luck out there and happy trading everyone!
Note
We have broken the resistance at 12.5k - next we look to test 13.2k.Decent (bc more risk but more reward) entry right now; however, even better (as in safer) entry at 13.2k.
Trade according to your own style!
I'm going to lock in a small position into LISK right now :)
Note
It seems like it couldn't break through and hold - so we're back to those outer support/resistance levels. I'm still holding my coins - however, a break of the support would be a signal for me to sell.Note
About to go to bed, but noticed this tightening range on LISK. I'm confident it'll be bullish but will confirm it tomorrow when I wake up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.