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Lisk/USD has shown a decisive breakout at major trendline resistance at 13.95 levels.
Next bull target 21.68 (238.2% Fib extension of 12.21 to 5.36 fall).
Technicals support rise higher:
- Bollinger bands expanding
- Momentum studies bullish
- ADX above 25 and rising with +ve DMI dominance
- Upside supported with rising volumes
Support levels - 13.74 (5-DMA), 9.60 (61.8% Fib), 7.96 (50-DMA)
Resistance levels - 19.07 (200% Fib extension), 21.68 (238.2% Fib extension), 23.30 (261.8% Fib extension)
Recommendation: Good to go long on dips around 17/17.36, SL: 14.80, TP: 19/ 21.60/ 23.30
