[Trading Idea] Lisk Looks Promising In This Setup
I scanned through a bunch of cryptos on Bittrex and found Lisk. I like this setup and here is the 12h chart:
Comment: We have formed a stochastic divergence (my favorite) with a lower value on the price while we get a higher value on the stochastics.
We also have 2 green hammers in a row and we have also had an hourly close above the last 12h closing price (look at hourly chart below). Also, the volume has picked up pretty good here.
Hourly chart:
Finally, this setup will likely succeed if Bitcoin will bounce from its current level.
My time horizon: 3-7 days
Exit price: 12h close below 140000 Satoshi
You can find Lisk here:
https://bittrex.com/Market/Index?MarketName=BTC-LSK
Happy trading!