Updated
LSKUSD daily chart retracement , 4H bollinger band
After the accelerated momentum seen yesterday due to bitflyer listing news, LSK has been on a retracement.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart shows that there is a retracement of the price after it reached the upper band of the bollinger band. Testing back the faster EMA.
If you had fomo'd here, you may want to unload some of your position and wait where the market goes.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart shows that there is a retracement of the price after it reached the upper band of the bollinger band. Testing back the faster EMA.
If you had fomo'd here, you may want to unload some of your position and wait where the market goes.
Note
4H bollinger band retraced from the upper band. I find it useful here to unload once the retrace happens. If it bounces but doesn't breached the upper band, I will exit this LSK.Note
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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.