MyCryptoParadise_Nathan

LSK Forms Inverse Head and Shoulders Pattern, Eyes Bullish Break

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

💎 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.

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

💎 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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