Long

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

Technical analysis:
. LISK/ETHEREUM 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 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.011000 to 0.010000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.011000)
Ending of entry zone (0.010000)

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.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Price Action Lesson 3: Hammer, The first sign of beginning ...

Take Profits:
TP1= @ 0.013300
TP2= @ 0.013900
TP3= @ 0.014900
TP4= @ 0.015700
TP5= @ 0.017100
TP6= @ 0.018350
TP7= @ 0.019400
TP8= @ 0.021960
TP9= @ 0.025550
TP10= @ 0.030660
TP11= @ 0.037180
TP12= Free
Chart PatternsCryptocurrencyETHEthereum (Cryptocurrency)Technical IndicatorsliskliskethliskethereumlsklskethlskethereumTrend Analysis

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