Lisk
LISKWorking with fibonacci levels. Elliott waves 1-2-3-4-5 (done) waiting for correction. Medium time term target 10$
Lisk Ascending Triangle - Long$LSK - Lisk Bullish Ascending Triangle
Heading back toward $8.00 - Once it breaks through $8.00, expect $10+ in near term. Needs to hold lower ascending trend line.
#Lisk #crypto #hodl #bullish #bitcoin #ethereum #litecoin
Note: Idea/opinion, not investment advice
LISK TO BREAKOUT!Lisk has not been able to break through the $8 resistance for a long while now, we have hit this mark around 3 times already and it seems to follow a pull back each time as there is too much sell orders being placed. However, once we do break through this psychological barrier (Which I believe will be the 4th or 5th run up) we could see Lisk being $10 -$15 in the medium term future.
Keep in mind there is an upcoming project such as the SDK, which will attract a lot of attention.
An example of why I do not use hard stops. Mental stops only.A good example of why I do not use hard stops. I use alerts and watch it closely as possible when the alert goes off. I usually reset a new alert lower that is a "get out no matter what level". Stop was briefly hit twice. After it reverses I set my alert back up and continue on.
This my new, shorter term strategy I am developing. I will do a blog post at some point about it. Bought at .00136, Stop .00129, Target1 .00143, Target 2 .00150.
Lisk Buy OpportunityThe price bounces from the support zone formed by SMA50 and 0.001200 support level. RSI and MACD confirm price reversal. DMI shows trend markets conditions and confirms that probably the correction is over. We have buy opportunity. Pending orders should be placed above the local swing high at 0.001500 level. Stop orders must be below 0.001200 support level. Profit target should be at 0.001800 resistance level. Small part of trading volume can be left for long run. If the price drops below 0.001100 level, pending orders for buy must be deleted. We’ll have to wait for new trading opportunity.