LSKUSD ends the day on a bearish note closing near the low of the day


LSK/USD Index (LSKUSD) Technical Analysis Report for Aug 11, 2018 [< 1 min read]
Highlights
LSKUSD dominated by bears dragging the market lower throughout the day
LSKUSD closes lower for the 2nd day in a row
LSKUSD ends the day on a bearish note closing near the low of the day
LSKUSD breaks below previous session low
LSKUSD falls to lowest close since August 19, 2017
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
Overview

Moving lower for the 2nd day in a row, LSKUSD ended Saturday at 2.79 losing $0.24 (-7.92%). Today's closing price of 2.79 marks the lowest close since August 19, 2017. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 3.01, the cryptocurrency confirms its breakout through the prior session's low having traded $0.24 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for LSKUSD
Volatility

Saturday's trading range was $0.26 (8.58%), that's slightly above last trading month's daily average range of $0.22. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for LSK/USD Index
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Strong Up Move TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when LSK/USD Index traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Crypto Currencies Top Movers
ETHUSD 285.726.43 2.30%
INDU 25,558.73396.32 1.58%
CRUDE 65.450.55 0.85%
CAC 5,349.0243.80 0.83%
SPX 2,840.6922.32 0.79%
DXY 96.535-0.045 -0.05%
GOLD 1,181.0-0.8 -0.07%
NATGAS 2.911-0.028 -0.95%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Crypto Currencies

ETHUSD 10 day candlestick chart for ETHUSD285.72 6.43
2.30%
BTCEUR 10 day candlestick chart for BTCEUR5,534.92 11.97
0.22%
BTCJPY 10 day candlestick chart for BTCJPY699,504.34 8,416.74
1.22%
BTCCNY 10 day candlestick chart for BTCCNY44,882.98 -987.02
-2.15%
ETHEUR 10 day candlestick chart for ETHEUR251.33 5.24
2.13%
ETHJPY 10 day candlestick chart for ETHJPY31,741.35 929.07
3.02%
ETHCNY 10 day candlestick chart for ETHCNY2,037.69 -9.03
-0.44%
BTCGBP 10 day candlestick chart for BTCGBP4,948.90 15.29
0.31%
ETHGBP 10 day candlestick chart for ETHGBP224.68 4.54
2.06%
BTCUSD 10 day candlestick chart for BTCUSD6,294.08 27.35
0.44%