LISK - Short-term Drop ?
Like most of the other alts, Lisk is another one that has exploded in price lately. Now, with all this increase comes a time where there may be a need for a slight correction. this graph points out that Lisk heading for a short-term drop if we break below the support that as indicated by the purple Lines. Since Lisk is on a high right now it is not a particularly great position to be investing in, however, if you were here for the long term the coin has a lot of potential so another decrease will not affect its price for the future.
As always trade the lines accordingly.
- MACD - Looks very bearish at the moment and the lines are currently begging to cross over in the South direction.
- RSI - is not completely overbought but there is a lot of space left for a decrease.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.
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