LSKUSD trade ideas
LSK - $24.65Due to the announcement of the lisk.js event, we saw a healthy organic demand spike in LSK buying-volume. This lead to the rise of LSK towards the 1.618 fib at $11.72 which is an important resistance zone for LSK. If LSK can break this resistance and close the daily candle above this zone, it could also break the trendline resistance. If this happens, we could see a swift move by LSK towards 16.66, $21.59 and $24.65. However, if LSK is not able to break this resistance before the event, it could trigger a “Buy the rumour, sell the news” sell off cycle which could cause LSK to drop towards the lower support zones at $8.67, $6.78 and $5.30. These would be good entry points for long term holds. Important level to watch is $11.72. If this resistance breaks, LSK will make a run for the higher resistances and could be a fruitful “breakout” trade.
LSK is trading at $10.23 now with a market cap of $ 1,513,533,294. Its 24 hour trading volume was $625,919,342.
LSK with potential for further increases.
After our first profit level of $ 8 was hit, we saw a strong momentum for a gift from the downward movement of BTC. Thanks to this, we have reset the RSI and the strong resistance around $ 8 is unlikely to be a challenge. An additional confirmation is the support on the orange MA which is a strong support.
Further increases are possible up to the level of $ 11-12
Previous:
lisk lskusdI submitted potential expansion of upcoming waves. I am trading 4th /circle 4/ wave now and expect large incline/rally afterwards.
LISK: 50% Potential GainsThings are looking very healthy for LISK, from a Wyckoffian perspective. Here's a convenient set-up for those interested in taking a long position. I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price before you update the load bars. I am not a financial advisor. Join me at your own risk.
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