rliebert

LSK/BTC set-up to move higher or set-up to break lower?

BITTREX:LSKBTC   Lisk / Bitcoin

I had posted another chart that carried the idea that LSK would move higher after completing the current triangle... here:

After further examination, I realized that a similar pattern has appeared in the record where LSK broke lower...

Currently, there is a battle between supply and demand. Every time a crypto moves sideways, it is because supply and demand are near equilibrium. If demand overcomes supply, then we will certainly move up. If supply overcomes demand, then we will break lower.


The point of publishing this chart is to share that, as with everything crypto, there is justified uncertainty here.

Always use stops.

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.