chart-art shows POSSIBLE uptrend , green trend-line means bullish Short to midterm. Over the red fibo Level canbe 🐂, & under will be bearish.
~~N0 Speculations arrow. And N0T trading Advise either, dyor pls.
To have a "volume breakout" the daily volume doesn't necessarily needs to be big/strong, it just needs to be above-average for several weeks.
Notice the chart above...
Today's volume bar is the highest volume bar we've had on the LSKBTC chart since 26-May, that's over 4 weeks.
A volume breakout can signal that the trend is about to change.
Now, we also have...
After the break out. We retested the critical area around 13000 k. Now we are looking for next target 30k sat.
That is a very strong resistance, we can take some profit around it.
Above 30k. It wil be a quick journey to 45000 and 80000.
An idea for LISK
I feel on the USD pair that the upper band of the parallel channel will soon be broken, and upward momentum will proceed
On the BTC pair evident 'degeneracy' will soon reverse with a bottom formed, this is more commonly seen among altcoins these days as BTC.D is dumping
Chart was requested
I am neutral on LISK
LSK has broken out of the trendline resistance, revisited it and is now heading for the next resistance zone. With the upcoming events, we could see a move towards 2846, 3058 and 4165 sats. LSK/BTC is currently at 1928 sats.
LSK/USD pair is trading at $10.23 now with a market cap of $ 1,513,533,294. Its 24 hour trading volume was $625,919,342.
Here I buy Lisk against Bitcoin.
The price is testing the major resistance against Bitcoin, so now I buy and the bullish breakout against Bitcoin will start.
See you up there
$LSK char From Polo for sake of longest history of price.
Rising volume can be seen on Binance, indicating a trend reversal, right now the price is pulling back from an attempt to break the 1.6k level (0.236 on the 1st fib set).
Next resistance expected around 0.0003, the 0.764 fibline of first fib set, also a good place to take some profits.
Next Target is...
LISKBTC is up against a strong downtrend resistance, if it can break thiss it will go on a run. Would enter on a back test of that resistance if you're not in already!
Publishing this now although I've been buying since one day Ichimoku turned bullish. This appears to be another U-Shape recovery, see my other analysis that are similar on $ARDRBTC. The volume is doing okay at matching u-shape. It trended down, but after turn went way up, so not exactly a U, more like a hockey stick. We'll see if that matters.
I'll start...
Better late than never.
If you miss the #KMD move, then you can still ride #LSK.
Similar to #KMDBTC pair, this is another clean classic inverted head & shoulders pattern.
Ongoing continuation of the uptrend.
To be continued...
