Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

by Seth Parker on April 30th, 2018

Lisk Analysis – 10 USD got broken, now time for the 13 USD!

OK, I was about to show You today only the great calls that we made recently (which is very easy) but let me show You also one bad analysis, which did not end as planned. The last piece of today, will be written about the Lisk, which is currently trading around the 12.6 USD. In our previous piece about this altcoin, the price was around the 8.6 USD and we were bearish:

“The sentiment is negative because the last two small upswings were quickly killed by the sellers. First one from the beginning of the last week and second one from this weekend. If the price does not want to go up, it will probably go…you know where, down. „

Lisk Chart

Those reversals were done on the 10 USD (blue), which few days after that analysis was written, got broken. Luckily for the technical traders, that resistance was later used as a support. It is worth mentioning, that on the 10th of April, we draw also the second resistance, on the 14 USD. Current price movements show us, that the area on the 13 USD (black) seems a bit more relevant. As for now, this is the closest resistance. The sentiment is positive but there is no buy signal yet. That one will be triggered, when the price will break the black line, which for now seems quite probable. Definitely more probable than breaking the blue one, on the 10 USD.

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

More content by Seth Parker

Comments (0 comment(s))