After the accelerated momentum seen yesterday due to bitflyer listing news, LSK has been on a retracement.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart shows that there is a retracement of the price after it reached the upper band of the bollinger band. Testing back the faster EMA.
If you had fomo'd here, you may want to unload some of your position and wait where the market goes.
Commentaire
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4H bollinger band retraced from the upper band. I find it useful here to unload once the retrace happens. If it bounces but doesn't breached the upper band, I will exit this LSK.