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Lisk

LISK triangle should show bull or bear winner!ABCD and incoming E? Bull or bear? I see potential ways: 1st way is most bullish and it can go fast with 45k+ signal of make ascending triangle with green 45k line with ending even in OCtober 2nd way is making E in triangle at upper trendline of sym triangle and bearish ending. It should lead to 30-35k double bottom. 2nd way" is E + down of tiangle +30k test and fail. This is most brutal sceanrio for Lisk bulls. 3rd way is also brutal like 2nd" but faster. It is going down from triangle without E and will occur double bottom in low 30ish area.
by oldstout
1
LISK 3rd triangle into channel?All details at chart. We saw 2 triangles with bullish continuation. First was symmetrical triangle, second was symmetrical or ascending (with upper line @45k). Now, we spiked a lot and touched upper line of channel. Lisk will go above this channel as soon as possible or will stay into it and will form (white) pennant (pennant is symetrical triangle after spike - "pole") or will form ascending/descending triangle (red and blue). Channel is pretty bullish and wide - we have 2 versions os lower line. If we would stay into channel, best buy-in is at lower line (with small sl because we can go under channel if we would test line again). Anyway, we should see interesting price action next days on Lisk. If you already sold, recomendation for now is wait. If you hold - hold or/and sell at upper line of channel. If you bought high at fomo on this pump - hold and sell if you have profit. Don't do bad fomo-moves, it should consolidate/correct a little bit. 1st and 2nd triangle time was around 1 week, so maybe we will see again out after that time (but it can be much faster because Lisk have now more volume and much more attention). Stay tuned and good luck.
by oldstout
2
Daily candles Lisk pattern?Just for fun.OK, here's daily chart of Lisk at poloniex. I noticed that we had 1 big green candle + 6 mostly neutral smaller candles and again 1 big green. Now we have another 6 after big green. Size of Big Green candles is very similar. So if this is kind of pattern and it is not ending yet, we should see now another big green candle with similar size like others. Well, to be honest it would be too nice to repeat it, but I decided to publish this as a fun-chart. I don't know if this "pattern" will happen again but it looks pretty interesting to me. Good luck!
Long
by oldstout
7
Oh yeah! Daily Lisk is bullish!All details at chart. Possibly and not-greedy target for 2nd leg of potential uptrend (first real uptrend in Lisk lol) is area between 55k (one of the highs) and .382 fibo corresponding with my old target of higher high. The big triangle is old story and Lisk did huge fakeout-down just to get back on bull track with that daily bullish monster. Of course Lisk market are not used to play uptrend so market now is not sure, frightened and shy. Buy zone was obviously all below 40k but first below 45k. In long run all below 50k should be "cheap". Conservtive traders can wait to break 50k with stronger buy signal. MAs above 60k are not good for daily Lisk, but even that we can see nice bull touch of 50ma by daily green.
Long
by oldstout
5
LSK - the long awaited breakout?Today happended what every LISK bag holder was waiting for. LSK has finally broken out of downtrend channel and it happened on good volume (its 5 times the usual 24h LISK volume we were observing past weeks) and bottomed twice (A & C) on nice volume prior to that. The pump looks great on every timeframe now and LSK will try to break next important pressure level around 0,0005 very soon. If we break it and stay above 0,00045 we might have something big cooking here but no news were released so far so be careful: it's "anything can happen wednesday" :}
Long
by humoongus
5