Possible upside potential for Lisk (LISKBTC): 4hr tf analysisThe 4hr tf downtrend in Lisk (LSKBTC) from Feb. 10 2018 to March 15 2018 has been identified as the termination of intermediate wave (A) with 3 minor subwaves W-X-Y. Price has currently broken above the latest downtrend line which is also the top of the of the wedge (ending diagonal) for the minor wave Y position.
The current set up offers a risk to reward of ~3:3 if 0.00167814 is used as the point of entry into the trade with position closed when the market reaches the bottom of the target area (0.00271562)
Target area is between 0.00271562 and 0.00288088
POI (point of invalidation) at which point the trade will be exited is a price close below 0.00136139
Lisklong
LISK rebranding = 100% gains from entry, but correction first!G'day fellas, today I bring you LISK. I only wish that I found this gem sooner and could have capitalised on some of the sweet sweet gains, this coin has already had. No fear though. I still believe the coin has a little bit of steam to go, but before that it needs to correct before it needs to settle down.
LISK is a cryptocurrency forked from Cypti. Much like ARK, this is another platform currency but with a twist. Instead of running dAPPS on the main blockchain, each one has its own blockchain! A lot of people say that this is the better ARK and whatnot as both seem to serve a very similar purpose.
Buy zones: 0.00212978 - 0.00238579
Sell zone: Only 1 in sight. 0.0047500+
Fundamentals:
The coin is rebranding on the 20th of February. Rebranding alongside hard forks and airdrops often result in mass changes. New roadmaps are released, partnerships are announced etc, previous rebrands have let to sky high prices in coins such as VOX and whatnot. LISK is no different. They also plan to upgrade their mainnet protocols - although they are further down into April and beyond.
Technicals:
LISK looks to be completing the 3rd impulse wave up in a 5 wave elliot wave. As per elliot wave rules, it states that the 3rd wave is often the longest but never the shortest, and i can see the formation of 5 subwaves within the 3rd impulse wave up. The final sub wave is completing as we type right now,so I believe it is a good time to wait for a correction before reentering.
The first impulse wave corrected a small amount to its 0.382 fib level and was rather flat, and as a result I expect this one, the 4th impulse wave to be more zigzaggy and correct down to the 0.618 fib levels. Though you can consider laddering your buys from the 0.5 fib levels all the way down to 0.618.
Sell points are retrieved through Fib extension through the super cycle elliot wave targeting 0.00475 or more, although you can gradually take profit slowly on the way up. 0.000475 puts it just under the 2.618 levels. Reason why I selected this value is I expect the current 3rd wave to reach just under the 1.618 fib extension which is around 367k. Mind you this is is a rather prudent sell zone, as I am more of a conservative trader more happy to lock in my profits.
I am still learning TA, so please please please roast me and give me some tips.
Go ahead and grill me :) Any feedback is appreciated
Lisk Long Term Rebranding $400-$500 PossibleLisk is unique as it provides a JavaScript based platform that side-chains can be built upon. The company is planning a re-branding and rollout on February 20th. Going into Neo's re-branding the coin went up 7x. I am not sure that Lisk will go that high, but I do suspect it to begin inching its way up within the next 7-10 days. Currently we will see a slight pull back with Bitcoin price seemingly inching its way up. This might be a good time to begin entering your positions on a daily cost average in order to minimize risk as it appears to be in the process of finishing its correction prior to starting primary wave 3. The coin has remained relatively stable in recent weeks, but could breakout by the end of the month prior to the re-branding. I am expecting a first target of $42 followed by a correction, before going up to $86 prior to the re-branding. This entire wave sequence will be elliot wave 3 per the chart. Thus it should not be the shortest of the 5 waves. Wave 5 of this sequence will heavily depend on what is rolled out at the event on the 20th of February. If the re-branding delivers, I suspect the coin could have a target of $130 before correcting. If the re-branding does not go to plan, and there are delays, we could see a longer wave 4 and additional consolidation after the February 20th event. Regardless, it is possible that Lisk could hit the $400-$500 mark this year. This is due to possible mass developer adoption due to the use of JavaScript. If the company delivers reliable SDK, in Q1, it is likely sidechains will be developed on the platform throughout the remainder of the year, thus increasing the value of the coin.
**Disclaimer - I am by no means giving financial advice. I am not a financial planner or advisor, nor do I pretend to be. I am just publishing an idea.
Would love to hear any comments, and/or suggestions and thoughts!
Lisk Conference and Re-branding February 20th IdeaLisk is unique as it provides a JavaScript based platform that side-chains can be built upon. The company is planning a re-branding and rollout on February 20th. Going into Neo's re-branding the coin went up 7x. I am not sure that Lisk will go that high, but I do suspect it to begin inching its way up within the next 7-10 days. Currently we will see a slight pull back with Bitcoin price seemingly inching its way up. This might be a good time to begin entering your positions on a daily cost average in order to minimize risk as it appears to be in the process of finishing its correction prior to starting primary wave 3. The coin has remained relatively stable in recent weeks, but could breakout by the end of the month prior to the re-branding. I am expecting a first target of $42 followed by a correction, before going up to $86 prior to the re-branding. This entire wave sequence will be elliot wave 3 per the chart. Thus it should not be the shortest of the 5 waves. Wave 5 of this sequence will heavily depend on what is rolled out at the event on the 20th of February. If the re-branding delivers, I suspect the coin could have a target of $130 before correcting. If the re-branding does not go to plan, and there are delays, we could see a longer wave 4 and additional consolidation after the February 20th event. Regardless, it is possible that Lisk could hit the $400-$500 mark this year. This is due to possible mass developer adoption due to the use of JavaScript. If the company delivers reliable SDK, in Q1, it is likely sidechains will be developed on the platform throughout the remainder of the year, thus increasing the value of the coin.
**Disclaimer - I am by no means giving financial advice. I am not a financial planner or advisor, nor do I pretend to be. I am just publishing an idea.
Would love to hear any comments, and/or suggestions and thoughts!
Lisk Seems to Continue its Pattern in Reaching New HighsAs shown in the graph Lisk has been on a mid term pattern of reaching the top of shown channel and then dropping near the bottom of it within a 80-85 day average for the average total wave, within this 3rd wave that we are on we have not yet seen Lisk touch or get near the top channel therefor leaving a great room for reward if Lisk does play-out this way. The other, not so likely, way this could play out is by following the new and recent downtrend Lisk has formed but I do not see this happening being that Lisk as a project is only progressing and can see it advancing much further than where they are now.
LISK, long opportunitySTOP-LOSS: 7.35$
Take-Profit1: 8$
Take-Profit2: 8.50$
Take-Profit3 : 10$ // Long term
Good luck folks!
LISKBTC Potential Entry (Technical + Fundamental)Lisk seems to have formed a symmetrical triangle pattern over the last week.
A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward.
I think bulls are in favor here due to positive fundamentals (blockchain meet up berlin announced on twitter, taking place 11/22 starting 6:30pm in germany), possible hints at rebranding, and security audit november 30.
Take note symmetrical triangle is known to make large movements in direction of breakout, so I recommend use of stop losses and limit buy orders.
Local swing highs broken used as bullish confirmations.
previous swing highs used as take profit levels.
Target 1: 150,000 sats
Target 2: 173,000 sats
Risk reward: 2+
[LSKBTC] Trading IdeaSo we just saw a very good and clear ascending triangle breakout at 0.001 level and the sell target was around 0.0011, we sold most at 0.00109 since it shows signal of failure.
As you can observe there's a very strong resistance at the .00106 level, the breakout that is happening now might be fake since there's not much juice over for this bull run, of course, there are always the pumps, but that's luck, not trading. the safest would be to get out and wait.
I would wait for the people taking profits that would take us back to the .001-.00095 level that would be a better moment to buy waiting for this new and bigger ascending triangle forming.
Lisk is a solid coin and holding is always in your favor. A consolidation could happen at the 0.00107 level and that would be great.
Remember this is an ascending triangle breakout so only buy above the highest of the first candle that open and clsoes COMPLETELY ABOVE the .00107 resistance.
Sell target would be close to .00156
lisk longThe yellow arrows on the chart show the divergence. To confirm this idea, you need to wait for the last level of resistance to break through. This movement is confirmed stochastic RCI. I recommend that you open the purchase from 4.65, stop order 4.30.
LISK upward channel movementI honestly drew this a few days before the first altcoin dump began, it's interesting to see that LISK has been affected by the dump but not in such a way to throw it way off of it's original course. If is goes back up and tests the diagonal support line I expect it to retest the bottom support one or two more times before deciding to break out. It also helps that the expected points it hits on the channel are former lines of support/resistance. Considering we're expected to see a huge altcoin buy-in after the Ethereum and Bitcoin forks, and the holidays are coming up (both of which will have a huge influence on the market for the rest of the year) holding onto some LISK until early 2018 or longer can lead to some very good returns. A good entry point would be anywhere before it enters back into the channel.
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.
Lisk breakout from the down-trendline! LONGLisk is one of the biggest initial coin offering in crypto history!
Lisk participated with the funds at the byetball airdrop, byteball is doing very well!
cryptox.pl
The initial problem should be fixed and a trend reversal will happen in the next days in my opinion!
Everything is ready for the next huge steps
best wishes!