LISKBTC Potential Entry (Technical + Fundamental)
Lisk seems to have formed a symmetrical triangle pattern over the last week.
A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward.
I think bulls are in favor here due to positive fundamentals (blockchain meet up berlin announced on twitter, taking place 11/22 starting 6:30pm in germany), possible hints at rebranding, and security audit november 30.
Take note symmetrical triangle is known to make large movements in direction of breakout, so I recommend use of stop losses and limit buy orders.
Local swing highs broken used as bullish confirmations.
previous swing highs used as take profit levels.
Target 1: 150,000 sats
Target 2: 173,000 sats
Risk reward: 2+
A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward.
I think bulls are in favor here due to positive fundamentals (blockchain meet up berlin announced on twitter, taking place 11/22 starting 6:30pm in germany), possible hints at rebranding, and security audit november 30.
Take note symmetrical triangle is known to make large movements in direction of breakout, so I recommend use of stop losses and limit buy orders.
Local swing highs broken used as bullish confirmations.
previous swing highs used as take profit levels.
Target 1: 150,000 sats
Target 2: 173,000 sats
Risk reward: 2+
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.