Strong foundation & promising project makes BINANCE:LSKBTC a strong long-term hold. Short-term buy signals present.
bought @ 20000
- Long: $100 LSK/USD (prediction based on non-technical evaluation)
- T&K bull cross
- Price-T&K cross
- Price-Cloud entry & breakout
- 0.236 fib resistance breakthrough w/other buy signal retained to result in continual bull run
- current selling pressure to drive price back down; test will be to resist Price-Cloud bear entry
- short: 25800 (based off extrapolation of previous bull run)
- resistance @ 24000 to be tested
sold @ 26000 (short position target @ 25800 met)
Continuing to hold for the long position is a valid stance as LSK in the long run is likely to continue its bull run.
bought @ 21000 (target 28600)
Updated graph & extrapolation data. Last target was based on different set of data.
Next bull run extrapolation was estimated too early or completely missed. Definitive answer w/additional evidence within the next few hours. Entry will likely be the same (~21000) w/target reassessment if confirmed bull run.
Entry 100% @ 21600 (Target @ ~29200)
- Extrapolated return & steep bull run
- T&K bull cross (result will be the steep bull run)
- Price-T&K bull cross (1/2 complete)
Expected short term bull run was met w/too much selling pressure & no imminent immediate rise. Likely to trade sideways for a period. However, Lisk traditionally does not stay down for long & will not only recover but will continue its bullish behavior. RSI entering the oversold territory tends to result in immediate turnaround.
- T&K bear cross
- Price-T&K bear cross
- Price-Cloud entry w/likely break through thin cloud
Opened @ 20000
Closed @ 26000
Net @ +30%
All long positions held.