LISK is currently trading in this range.
It will test the 12.5k/13.2k resistance levels before it can expect any large moves upward.
I expect it to go upwards and break these levels due to the fact that it is holding its 50HR MA + the Squeeze Indicator is tightening up.
However, the break of these resistance levels are confirmation of a large bullish move upward.
Watch for the levels to break. I am personally buying in after the 13.2k resistance level breaks.
Good luck out there and happy trading everyone!
It will test the 12.5k/13.2k resistance levels before it can expect any large moves upward.
I expect it to go upwards and break these levels due to the fact that it is holding its 50HR MA + the Squeeze Indicator is tightening up.
However, the break of these resistance levels are confirmation of a large bullish move upward.
Watch for the levels to break. I am personally buying in after the 13.2k resistance level breaks.
Good luck out there and happy trading everyone!
Kommentera:
It seems like it couldn't break through and hold - so we're back to those outer support/resistance levels. I'm still holding my coins - however, a break of the support would be a signal for me to sell.
Kommentera:
About to go to bed, but noticed this tightening range on LISK. I'm confident it'll be bullish but will confirm it tomorrow when I wake up.
Decent (bc more risk but more reward) entry right now; however, even better (as in safer) entry at 13.2k.
Trade according to your own style!
I'm going to lock in a small position into LISK right now :)