Sirwin
Sirwin

Lisk (LSK) Is Forming Bullish BAT And Completing Setup For Upto 34% Bullish Move

By moon333 | moon333 | 12 Jan 2020


World's 59th ranked cryptocurrency Lisk (LSK) with Bitcoin pair is forming bullish BAT pattern and expected to enter in bullish potential reversal zone soon.


Lets have a look on the LSK price action's move:

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.

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As per Fibonacci sequence method we can set our targets as below for mid term trade:

 

Buy between: 0.0000728 to 0.0000693 sats

Sell between: 0.0000810 to 0.0000933 sats

 

So this short term 4hr based chart has potential to produce upto 34% profit.

 

Moreover I have shared tradingview link below where you can find my all trading ideas on different assets and I have also shared Binance exchange's link with some other useful links coz Binance has largest volume of every cryptocurrency with minimum trading constraints.

 

Regards,

Atif Akbar (moon333)

 

The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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