MyCryptoParadise_Nathan

LSK Forms Inverse Head and Shoulders Pattern, Eyes Bullish Break

BINANCE:LSKUSDT   Lisk / TetherUS
πŸ’Ž Paradisers, #LSK has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move.

πŸ’Ž If #LSKUSDT breaks out of the resistance zone, we can anticipate a bullish move as it will confirm the inverse head and shoulders pattern. In that case, targets can be set until the next resistance levels.

πŸ’Ž In the case of a pullback, we can expect a bounce from the demand zone and supportive trendline.

πŸ’Ž However, if the price breaks down below the demand zone, it will invalidate the bullish signals. In that scenario, it would be better to wait for more favorable price action to develop.

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