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Lisk Reached the Resistance, What's Next?
After breaking the triangle pattern and then rejecting it Lisk went up sharply, from $5 all the way up untill the $10, making over 100% growth agains the USD. Indeed a great performance by Lisk, but when, if and where it should stop?
LSK/USD has already reached the upside target based on the triangle breakout pattern, although it failed to close above that target at $10.6. It has produced a spike on the 4-hour chart reaching $10.9. In order for LIks to continue moving up this high must be broken, by the 4h candle closing above it, preferably even a daily candle. If that happens, an explosive growth could take place pushing Lisk a lot higher.
However, while the resistance is holding there is a risk of a downside correction towards $7.6 support level at 127.2% Fibonacci retracement level. Perhaps at this point, it is better to stay neutral and wait for a confirmed break above the $10.9.
LSK/USD has already reached the upside target based on the triangle breakout pattern, although it failed to close above that target at $10.6. It has produced a spike on the 4-hour chart reaching $10.9. In order for LIks to continue moving up this high must be broken, by the 4h candle closing above it, preferably even a daily candle. If that happens, an explosive growth could take place pushing Lisk a lot higher.
However, while the resistance is holding there is a risk of a downside correction towards $7.6 support level at 127.2% Fibonacci retracement level. Perhaps at this point, it is better to stay neutral and wait for a confirmed break above the $10.9.
Nota
Looks like it will go towards $25, buying on correction could work out goodNota
Next upside target is $30Nota
Nota
Lisk at the supportNota
still correcting down, don't see any signals to buy yetNota
List continues trading below resistance, waiting for a break above
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.