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Lsk

LSK Trading scenarioHello! After my first idea on XRP , here comes the second one on LSK. During the previous Bull phase of the market, LSK went from 27500 to its all time high two month ago around 160000 which represents a growth superior to x5.5. An expected correction combined with the BTC fork uncertainty led to a correction superior to 50%. Therefore today LSK trade around 70-75k. With the end of the BTC fork and with the current setup of LSK/BTC, it may be a good time to invest on LSK soon. As you can see on the chart, LSK/BTC is on a descending channel (in black on the chart) which is a bullish pattern because it tends to break upward. Moreover, LSK bounced on the last days on two strong resistances: the uptrend line in purple (the upper one) and the dashed black line which is the 0.382 Fib resistance. Two triangles are forming : The first one between the orange line and the purple line which will resolve in a few days and the second one formed by the black and purple lines is a larger one that will resolve after. If the large triangle (and therefore the descending channel) breaks upward, we may witness an uptrend. The first resistance will be around 84k (the "fake" 0.5 fib resistance) and the second one will be around 100k. If the triangle breaks downward (unlikely I hope) the first will be the bottom purple line and the second support will be the 0.236 fib around 45k. On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD with custom parameters gave strong buy signal (Green B letter on the chart) when LSK BTC was between 57k and 65k. In conclusion, It may be a good time to load some cheap LSK before a movement up: buy when the price breaks the descending channel is a safe option, but buying when the price come back to the purple line around 65k (if the triangle don't break now) is also a good option.
by Tompouce
3
LSK/BTC ShortBitcoin ignited rocket, altcoins stays in it's shadow. Lisk is following downtrend since 10.06.2017, now it's bouncing off trend's upper edge and support line ~0.00067 BTC (with couple brakeouts to next support line ~0.00058 BTC. It's necessary to observe this wedge (trend channel and support 0,00067). Look also on the new local up-trend which creates triangle with channel and probably will give us faster answer - where lsk will jump. Lisk holders are awaiting some news from the project, and current price stays low due to lack of any important improvements. Maybe another wallpaper can change something ? :)
Short
by kapitankoxa
LSK to have big breakout in < 4 days (ETA: 28-6 00:00)Lisk is doing good, real good. LSK/BTC is now up 150% since previous month (24-5). 24th was the day after the first major upwards breakout (100%) for Lisk. As illustrated on the TA we see that after the first bullish breakout we see a pennant forming. After wich surely another breakout followed (initially 100%, to be boosted almost up to 200%) Is what we are seeing now, another pennant, an indicator of what is to follow? Possibilities: Bullish breakout 1 (blue): Repeat of previous breakout in volume with small bear trap (rip weakhands) INIT: 182K sat TARGET: 210k sat Bullish breakout 2 (green): Breakout with same volume as previous breakout. TARGET: 210k sat Bullish breakout 3 (purple): 100% Breakout (out of the 3, most unlikely but LSK seems to like 100% breakouts) TARGET: 243k sat Bearish breakout (red): Let's not? So keep track of the volume of LSK trades in the next couple of days, when it starts to increase, it is time to board the train. Added symbols, people like symbols
by belgian93
1
LSK: Next Step Hello everyone, I’ve received messages lately about what to do after taking profits so I decided to share my idea for the next step. Fundomentals: Because Lisk haven’t change it’s intrinsic value from the last post, I will just direct you to my previous post if you want to review my fondamental analysis: However, we can see that Lisk start to get it’s well deserved attention and investors starts wondering if they have made the good choice with Stratis. Technicals: I will start this time by discussing the entry. As you know, I’m a big fun of fibbonaci because of it’s excellent scores in investing. The best entry strategy (for me) is to start buying as much as you can (50% of your cap dedicated to lisk) at the price of ~0.00082104. Then you need to program a set of buys distributed in the range 0.00082103 – 0.00071909. Once you programmed this set, you just have to set Alerts in 0.00082104 and at 0.00071909. Once you receive your alerts, you can then program your sells starting from 0.001483399 (10% capital). Then you need to distribute the sells so you will have sold 60% of you cap at 0.00160487 and all the remaining at 0.00177852. Don’t panic.. Be wise, chill and see your profits growing. Good luck for all
Long
by sabirdeux
7
LISK (LSK Polo) Buy recommendation LISK is a unique alternative Cryptocurrency which allows users and up to 101 'delgates' (a delegate is able to generate new coins) to utilize the platform to develop their own sidechain applications ranging from prediction markets, social media blogs, encrypted communications or anything a user might imagine using blockchain tech. From the Website ; Lisk is a decentralized network such as Bitcoin, Nxt, or BitShares. It doesn’t utilize Proof of Work like Bitcoin, or Proof of Stake like Nxt. Lisk uses a simplified implementation of BitShares’ original consensus algorithm called Delegated Proof of Stake. That means every LSK holder can vote for mainchain delegates which are securing the network. There are only a maximum of 101 active mainchain delegates which always got the most votes on the whole network, and only they can earn block generation rewards, that means there is a financial incentive to become an active delegate. Every other delegate is on standby awaiting to become elected, or alternatively, securing a Lisk sidechain. LSK has a current market capitalization of $283,106,025 (99,053 BTC) which is lower than other coins with what in my opinion have less potential applications. In other words the market cap is not unrealistically higher than the rate of adoption. While these are still eye-popping numbers it is not unusual at this time in the crypto space. The idea that anyone is able to create a sidechain based on the decentralized LSK platform is appealing and as word spreads I believe market cap will increase accordingly. SOURCES: blog.lisk.io forum.lisk.io lisk.io coinmarketcap.com DISCLOSURE: My Opinions are my own. I have not received any sort of compensation or remuneration for this recommendation. Cryptocurrency investing/trading is by nature a high risk endeavor. Consult a professional financial advisor before risking funds in any investment. I currently hold no position in LSK, however may in the future hold long or short positions in this cryptocurrency.
Long
by ljs411
3