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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.
Ghi chú
Looks like it will go towards $25, buying on correction could work out goodGhi chú
Next upside target is $30Ghi chú
Ghi chú
Lisk at the supportGhi chú
still correcting down, don't see any signals to buy yetGhi chú
List continues trading below resistance, waiting for a break above
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.