There is a possibility for the beginning of an uptrend in LSKBTCTechnical 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 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00054740 to 0.00041200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00054740)
Ending of entry zone (0.00041200)
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:
Take Profits:
TP1= @ 0.00076560
TP2= @ 0.00088700
TP3= @ 0.00103390
TP4= @ 0.00111760
TP5= @ 0.00135230
TP6= @ 0.00155210
TP7= @ 0.00173000
TP8= @ 0.00190550
TP9= @ 0.00225620
TP10= @ 0.00339820
TP11= Free
