LSKETH Poloniex 10Sep2017 – rising wedge (?)

With looking at 4H LSKETH chart there looks to be a rising wedge pattern. RSI lower highs may potentially indicate a ’bearish’ momentum. LSK RSI on 1 day chart is overbought. I can see a possible downward movement if breaks down below lower line of the wedge. I consider support levels at 0.0162-0.0168 range which is 0.382 fibonacci of last upward trend. 0.00128 fibonacci 0.618 level I consider as weak support and then 0.0093-0.01 zone fibonacci 0.786 is another strong support. ’Bullish’ reversal signs to check for at these levels for entering potentially.
What do you think? Please note – these are my personal plan and thoughts only and so please trade carefully!

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Komentar:

First support zone 0.0162-0.0168 reached. Let's see whether 'bullish' reversal signs may develop.