There is a trading opportunity to buy in LSKETH
Technical analysis:
. LISK/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.010260 to 0.009400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.010260)
Ending of entry zone (0.009400)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.011770
TP2= @ 0.012310
TP3= @ 0.013300
TP4= @ 0.014450
TP5= @ 0.015700
TP6= @ 0.018790
TP7= @ 0.025810
TP8= @ 0.030800
TP9= @ 0.037180
TP10= Free
. LISK/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.010260 to 0.009400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.010260)
Ending of entry zone (0.009400)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.011770
TP2= @ 0.012310
TP3= @ 0.013300
TP4= @ 0.014450
TP5= @ 0.015700
TP6= @ 0.018790
TP7= @ 0.025810
TP8= @ 0.030800
TP9= @ 0.037180
TP10= Free
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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