LSK COIN RETEST Opportunity to buyLSK always retest
After entering the convergence section, it seems good to enter the retest when climbing.
Lsk
Lisk Up To $50?Lisk uptrend remains intact as it continues to produce higher highs and higher lows. The previous low was at $10.7 where 4/1 Gann Fan trendline was first rejected and currently this remains a key support area for Lisk.
On the 7th of January Lisk produced a new all-time high reaching $40 and then corrected down sharply where it tested and rejected the Gann Fan trendline and the 200 Moving Average. There are now few scenarios that can take place, first is Lisk will continue moving higher from the current price. Second is Lisk will correct back to the $18.8 and then will resume the uptrend. And third is Lisk will go lower to test $10 support, consolidate and only then will be on its' way to a new all-time high.
On the downside, daily break and close below $10 could invalidate bullish outlook and extend the consolidation period, but in any case, long term trend seems to be very bullish, and it's just a matter of time for Lisk to go up again.
LISK - MAJOR SURGE IN PRICE, Can it sustain?Well, to begin with, it has been announced that Lisk has been added to a large exchange which has sent the cryptocurrency price right up in value, this happened earlier in the day and ever since the enormous increased the price how pulled down quite sharply. This is a good thing and should not be taken in a bad way, I suspect that this dip will help the currency gain more traction and momentum for a future breakout especially now that more people can access and are aware of the coin.
This chart shows that a previous resistance has now become support ever since the breakout and looking on it on the long-term view we can see that there is an ascending triangle pattern being formed which acts a great bullish sign that you want to watch out for. You can expect the price to fluctuate between the support and resistance or ascending triangle until a further confirmation for a breakout.
MACD - Since the price has spiked so quickly in value t have left the RSI in highly bought posistions evne after the drop tyhat we have already had. It indicated that there could be a further drop which would problem begin to move sideways when it hits mid-way or over sold conditions.
RSI - When we take a look at the past we can see that the same trends look to be happening (realistic you should not use past events from your trades as this is often because of news and almost acts as an outlier), however, it is good to give you an insight on where the trend could be heading next. If the MACD lines cross over in the downward direction will continue to drop to the mid-line where we will find some consolidation.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
LSK/USD jump from 21$ to 30$ ! Here we have LSK/USD on the 1H chart.
LSK coin has a market capitalisation of ( 3,174,181,426 ). The last 24 hours presented large-cap cryptocurrencies down 10% or more. Alternative cryptocurrencies across the board were affected, although LSK/USD coin weathered the storm relatively unscathed with a marcket change at ( $ 261,244,000 ) the last 24 hours .
Lisk VS Bitcoin Waiting For Range BreakoutFollowing the previous idea on Lisk VS Bitcoin , it has reached the upside target at btc 0.0022 and broke above it, signaling on a potential uptrend continuation. However, price failed to close above the resistance although managed to produce multiple spikes above it.
At the same time, the support at btc 0.0013 has been rejected, together with the upper trendline of the descending channel and 200 Moving Average. All-in-all it can be said that LSK/BTC remains in the consolidation mode with the high probability of breaking above the resistance and continuing the uptrend. As soon as it goes above btc 0.0022, further growth should be expected where the next target is seen at btc 0.0055, confirmed by two Fibonacci retracement levels.
LISK (LSK) - A Favorable OutcomeINTERPRETATION
BITTREX:LSKBTC is an undervalued project that shows potential for promising returns. The upcoming rebrand will likely result in an increase in value. LSK has been trading sideways since its last bull run. Suspected price to increase to ~$50-100 by the end of year. The opportunity to enter a position at the current premium price is set to expire by the end of February at the latest.
BUY SIGNALS
-T&K bull cross
-Price above T&K
-4-Hour Interval (not shown): buying pressure from green cloud
CAUTIONS/CONFIRMATIONS
-Sideways trading w/continued price volatility may continue until outside reports shift investor sentiment.
POSITION
Entry @ 20000
Lisk #LSKUSD - bad news, paradigm change!TECHNICAL ANALYSIS:
The impulsive wave scenario has been invalidated!
Currently, the best scenario available is not the impulsive formation, but the double zigzag (W) (X) (Y), which ended at $ 40.48.
The reason for changing Elliott waveforms from impulsive to corrective is too many canceled levels and too many overlapping levels. It is not the traditional behavior of the pulse wave, but more suits the formation of the Double ZygZak just. Not only that, this formation can still evolve into the Triple ZygZak, but for the time being there is no reason to do so.
The current inheritance formation WXY is the largest downward correction since the cryptocurrency has been recorded, which proves that the trend and form of the further wave scheme has probably changed.
Without going into details, in the short-term perspective the situation is as follows: there is still a chance for further increases (option of the Triple ZygZak), even with the option of new peaks, but they will not be long-lasting. The most similar to this model are currently the so-called: Pumps and Drops (PUMP and DUMP), which means that the market is no longer in an upward trend (and this option was assumed from the beginning of the impulsive scenario).
In the short-term, the most important levels are currently:
- support at 15.70
- internal trend line at 15.00
- Fibonacci cluster at 11.50.
- external extension of the Fibo level at 8.00.
The current WXY correction is close to the end of the decline at one of these levels.
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Cup and Handle Pattern , Short , up to 10% IncreaseCup and Handle pattern is evident from the 1hr graph.
Increase prediction is made from measuring bottom of cup to breakout, if breakout happens at current price, we could see a quick 9.7% increase.
I am not a financial adviser, please trade at your own risk!
Lisk Flag forming in this accumulating timeAs lot of you know already there is planned huge re-brand in February and that is one of the reasons why lisk ih growing.
You can see in chart that there is a flag forming, so this is good accumulating time. (Also this recent spike could be forming of a first Elliot wave and you know what comes after second wave which is in forming now)..
Buy 0.00198-0.00214
Sell 0.00241 for the first target, or hodl until mid February (re-brand).
LISK (LSK)INTERPRETATION
Strong foundation & promising project makes BINANCE:LSKBTC a strong long-term hold. Short-term buy signals present.
POSITIONS
bought @ 20000
TARGETS
- Long: $100 LSK/USD (prediction based on non-technical evaluation)
BUY SIGNALS
- T&K bull cross
- Price-T&K cross
- Price-Cloud entry & breakout
CAUTIONS/CONFIRMATIONS
- 0.236 fib resistance breakthrough w/other buy signal retained to result in continual bull run
- current selling pressure to drive price back down; test will be to resist Price-Cloud bear entry