Long
LSKUSD rush
Now what the hell is this.
LSKUSD already rushed two times from the bottom to the top of the trend channel and is likeley to do this a third time now (red lines).
I expect the price to overshoot now on the third attempt and go up to around 32 USD.
Afterwards, a more sideway correction as a 4th wave could be appropriate to relax the RSI before the price enters the 5th wave and may target 100 USD.
Given the time intervals (blue vertical lines), this local top might be expected at the end of Jan 2018.
Afterwards, a correction to the upper trend channel line and then the big wave 5 should come, which I expect to be elongated.
LSKUSD already rushed two times from the bottom to the top of the trend channel and is likeley to do this a third time now (red lines).
I expect the price to overshoot now on the third attempt and go up to around 32 USD.
Afterwards, a more sideway correction as a 4th wave could be appropriate to relax the RSI before the price enters the 5th wave and may target 100 USD.
Given the time intervals (blue vertical lines), this local top might be expected at the end of Jan 2018.
Afterwards, a correction to the upper trend channel line and then the big wave 5 should come, which I expect to be elongated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.