There is a possibility for the beginning of an uptrend in LSKBTC

POLONIEX:LSKBTC   Lisk / Bitcoin
Technical analysis:
. LISK/BITCOIN 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 50.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00038500 to 0.00033360). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00038500)
Ending of entry zone (0.00033360)

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.
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TP5= @ 0.00088700
TP6= @ 0.00103390
TP7= @ 0.00148450
TP8= @ 0.00185000
TP9= @ 0.00221540
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I was expecting the beginning of an uptrend in LSKBTC @0.00037200 which is also in your buy zone. :) Thanks
+1 Reply
@fxniki, You're welcome.
+1 Reply