Technical analysis: . LISK/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 49. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00054740 to 0.00041200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00054740) Ending of entry zone (0.00041200)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00076560 TP2= @ 0.00088700 TP3= @ 0.00103390 TP4= @ 0.00111760 TP5= @ 0.00135230 TP6= @ 0.00155210 TP7= @ 0.00173000 TP8= @ 0.00190550 TP9= @ 0.00225620 TP10= @ 0.00339820 TP11= Free