Hello guys,
Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet.
USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line.
Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute according to the signal. If LSK prices continue to close above $4.7 then there is a likely hood that LSK bulls might push prices higher making it a break out-retest.
However, close below $4.1 bull flag base line and 20 Period MA means USD bulls are in charge.
What do you guys think? let me know.
Follow me and get updated every time I upload new analysis. you can also view our website, NewsBTC if you want to be ahead of the pack in matter cryptocurrency.We definitely love your input--click here: tinyurl.com/AltcoinAnalysis
Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet.
USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line.
Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute according to the signal. If LSK prices continue to close above $4.7 then there is a likely hood that LSK bulls might push prices higher making it a break out-retest.
However, close below $4.1 bull flag base line and 20 Period MA means USD bulls are in charge.
What do you guys think? let me know.
Follow me and get updated every time I upload new analysis. you can also view our website, NewsBTC if you want to be ahead of the pack in matter cryptocurrency.We definitely love your input--click here: tinyurl.com/AltcoinAnalysis