LSKETH Poloniex doubletop (?) short

25 août 2017

LSK is attempting 0.0125-0.0126 levels again ETH for second time in short. If this fails and price bounces back price may return to 0.0103 support - 0.382 Fibonacci retrace in a short term. By watching price movement carefully (RSI and MACD to confirm) selling some LSK deposit against ETH now may be an idea to consider. Buying LSK back above 0.382 retrace level (0.0104-0.0105) can be an option then to consider.
For tracking purposes - I sold 250 LSKs at 0.0125 on 25th August 2017 and expecting to buy back 297 LSKs at 0.0105.

25 août 2017

Note

Pattern failed. LSK broke out and has hit 0.0138 already. With this new high new 0.382 is at 0.0110. I am adjusting my buy back accordingly to 0.0111. If price may further increase I will look for other buying opportunity.
The new trade set is buying 281 LSKs at 0.0111.

26 août 2017

Ordre annulé

Pattern and plan failed. LSK hit as high as 0.025 - 100% up. Currently at around 0.0165 level. Looking for new buying opportunities.

1 sept. 2017

Note

Self-rating: 1.
On a scale of 5 1 this means failure. I rate this idea as failure retrospectively.