[Trading Idea] Lisk Looks Promising In This Setup

in #lisk7 years ago

I scanned through a bunch of cryptos on Bittrex and found Lisk. I like this setup and here is the 12h chart:

FireShot Capture 1087 - LSKBTC_ 0.00154273 ▲+8.03% — _ - https___www.tradingview.com_chart_AxIWekrr_.png

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:

FireShot Capture 1088 - LSKBTC_ 0.00158163 ▲+10.76% —_ - https___www.tradingview.com_chart_AxIWekrr_.png

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!

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