$LISK long and short term view
Updated
Based on fundamentals (lots of developments coming) and technical analysis, I'm expecting LISK to reach the top of the channel on left chart and maybe even a breakout to the upside.
LISK found a bottom (see linked chart in "related ideas") and made a nice bounce. currently forming a 5 legs up cycle.
As long as the yellow support line can hold, I'm expecting a pattern as drawn on the right chart.
On sunday night, a Video was posted from a LISK meet up in the Netherlands where a teammember mentions that Lisk is in contact with Google HQ which gave a nice spike to the price. I'm expecting a pull back from this spike which might give a nice entry point. Longer term a good buy without doubt!
Targets and reversal zones determined with Fibonacci extensions.
LISK found a bottom (see linked chart in "related ideas") and made a nice bounce. currently forming a 5 legs up cycle.
As long as the yellow support line can hold, I'm expecting a pattern as drawn on the right chart.
On sunday night, a Video was posted from a LISK meet up in the Netherlands where a teammember mentions that Lisk is in contact with Google HQ which gave a nice spike to the price. I'm expecting a pull back from this spike which might give a nice entry point. Longer term a good buy without doubt!
Targets and reversal zones determined with Fibonacci extensions.
Note
Price extended a bit target (3) and (4) seems to be in place as it bounced exactly in the blue box. Target (5) is still validNote
LISK is doing great, according to the set up.Just broke out and might start next leg up towards next target
Note
Trade closed manually when LISK team announced late relaunch.Looks like we're making a big ABC correction and start all over again in a few weeks.
Note
Due to the disappointing meetup a while ago, it made a deep retrace but still on track. Currently in a bull flag, waiting to break out for next leg up.
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