Looking at our trend timeframe we see price currently testing our major support level at 50000, stochastic rsi showing momentum in favor of bears no signs of reversal. Expecting LSK to fall towards 20000.
Shifting over to our pattern timeframe we see price respecting it’s downtrend structure, stochastic rsi showing momentum has shifted I favor of bears on the smaller timeframes. A daily close above 55000 activates our trade, otherwise waiting for a drop to 20000.
