LSK is rising in a well defined trend channel. Also the EW-theory looks good - I think LSK could be in wave 4 to 5.
We´ve got a first aim which is the fib retracement 23.6% (13,9$). But this shouldn´t be the peak of w5. With enough momentum it should break through and rise to higher prices.
One possibility is the swing trend line at about 16.4$. In a very good scenario even the next fib retracement comes in consideration. The fib retracement 38.2% (19,20$).
The indicato RSI is in neutrall zone but climbing.
MACD is negative but turning to the top; trigger line has just crossed the signal line (4h-basis).
So both have much space before getting in overbought zone.
stop:
if hte price falls down out of the trend channel and doesn´t come back into it, then this analysis is false. One can place a stop at about 10.22$ (swing trend line)
first take profit for short term investors will be fib retracement 23.6%
after having passed this line it´ll be the new stop-level
We´ve got a first aim which is the fib retracement 23.6% (13,9$). But this shouldn´t be the peak of w5. With enough momentum it should break through and rise to higher prices.
One possibility is the swing trend line at about 16.4$. In a very good scenario even the next fib retracement comes in consideration. The fib retracement 38.2% (19,20$).
The indicato RSI is in neutrall zone but climbing.
MACD is negative but turning to the top; trigger line has just crossed the signal line (4h-basis).
So both have much space before getting in overbought zone.
stop:
if hte price falls down out of the trend channel and doesn´t come back into it, then this analysis is false. One can place a stop at about 10.22$ (swing trend line)
first take profit for short term investors will be fib retracement 23.6%
after having passed this line it´ll be the new stop-level