LSK/USDT Chart Analysis
LSK/USDT is forming a Bull Flag pattern with a breakout and retest already completed. Based on the chart pattern, a significant move is anticipated from here.
Entry: $1.93 - $1.80
Targets:
$2.00
$2.32
$2.75
$3.25
$5.00
Stop-Loss: $1.75 (and a strong stop loss below the red line)
- Ensure proper risk management at all times.
- Happy trading!
**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
💎 Paradisers, #LSK has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move.
💎 If #LSKUSDT breaks out of the resistance zone, we can anticipate a bullish move as it will confirm the inverse head and shoulders pattern. In that case, targets can be set until the next resistance levels.
💎 In the case of a pullback, we can expect...
**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
💎 LSK is approaching a retest of the previously broken resistance zone, which may now act as support. However, it's important to consider a few points before making any trading decisions.
💎It's possible that LSKUSDT will attempt to trap traders by momentarily touching the supportive trendline before pushing upward. This could coincide with a potential pullback in...
Green box buy Yellow line retest buy Red boxs are take profit zones.
According to the price action, bulls are in control of the trend and forming a bullish chart pattern. Investors can buy the token now since it has entered a short-term uptrend. It remains to be seen whether the bulls can continue their momentum and hit new highs.
LSK/USDT - Price action analysis
Resistance turned into support
currently price is at support level - aggressive traders can buy at this level
for safe players buy above the trendline resistance
Target - 10$ and above (long term)
#tradewithelplan #tradewithaplan
