LSK/BTC Update - Lisk at critical areas that must hold

As mentioned in my previous post, I expected a decent retrace on lisk was imminent:
https://steemit.com/bitcoin/@wrecktangle27/lsk-btc-looking-good-why-the-rally-may-be-soon-coming-to-an-end

The good news is the bottom of the channel charted below serves great merit on this pull back and is making a decent bounce off of it. Our oscillators are still ugly af as it may take some time to reset them.

The bad news, most importantly, is that the volume is starting to dry up which implies some exhaustion. Also, Lisk is at the point where it could run back up to the top of the channel, hit the measured move (green dotted line), and probably make another layer of bearish divergence on your RSI and MACD and pull back again, which isnt good. Lisk needs to stay in this channel to convince me this rally will hold. If it doesn't, Id expect it to fall to the 200 MA (blue line) as the first target, then we can see what patterns develop at that time.

I'd be very careful making an entry on Lisk and set tight stops!

Good luck trading!