The price of LSKUSD is about to complete the three waves corrective cycle around the level of $18 and then an impulsive rebound is expected. The impulsive scenario is valid as long as the supply zone between the levels of $12-$16 is not clearly violated.
The projected level for up waves are:
- wave 3 - the level of $34
- wave 5 - the level of $40.
Please notice, that the market is trying hard to break out below the projected Fibo cluster at the level of $18.31, but so far no avail. This is very important clue regarding the further wave progression.
On the higher time frames, the uptrend prevails, but it is not developing in an impulsive fashion.
The projected level for up waves are:
- wave 3 - the level of $34
- wave 5 - the level of $40.
Please notice, that the market is trying hard to break out below the projected Fibo cluster at the level of $18.31, but so far no avail. This is very important clue regarding the further wave progression.
On the higher time frames, the uptrend prevails, but it is not developing in an impulsive fashion.
