LSK/BTC Volume Analysis Prediction 2/7/2018The coin is stronger than other coins on the market.
We have break out of the trend line and strong resistance level 2400.
Strong buy priority.
Trade recommendation:
Entry point: 2350 (buy limit), 2501 (buy stop).
Stop: 1980
Target1: 2800
Target2: 3000
Target3: 3600
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
LSKBTC
$LSK #LISK Targets - road to rebranding Feb 20th and beyondLISK is on a very bullish path at the moment. February 20th we have a major event - the Rebranding - followed by a relaunch one month later.
A strong bull rally is very possible from this moment on.
Last week with the listing on a new exchange, we could see how easily LSKBTC was pumped, counting both as a testdrive for the real rally as well as taking out as many sell orders as possible.
The test was positive and now since a few days we see the beginning of another try to break the ATH.
If that succeeds, it is very likely the second target will be pushed.
I marked the third target, not sure though is possible, unless the guys behind the scenes want to throw a Verge like party with Lisk and push the price to the moon.
In which case be prepared to take a lot of profits.
This is the day chart by the way, you can see the evolution of LSKBTC since last year, I put the pink trend lines last year and pretty much the price is following them, which is a good sign.
Enjoy!
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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 looking set for one last intense moveLisk has been pumping the last weeks with the upcoming rebranding. Expect that to continue until the 20th february relaunch with increasing FOMO leading into the event. Lisk currencly lies in a nice looking pitchfork, and judging by this pitchfork, fractals and fibs this move could go all the way to ~0.007.
LSKBTC Double Bottom and New UptrendDouble (Triple) Bottom was formed which indicates a strong support level which is confirmed by Ichi cloud. LSK price is in the strong uptrend and will follow our short term targets in the signal. Although RSI indicates overbought zone the demand is much higher than supply so the price should go up with trade volume.
LSK COIN RETEST Opportunity to buyLSK always retest
After entering the convergence section, it seems good to enter the retest when climbing.
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.
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.
LSKBTCHello,
Someone asks for analysis on this instrument. It is precisely the same situation just like on Bitcoin. We can see triangle on Price chart and triangle on RSI. Momentum start building up on crypto-currencies. Please watch the charts for the next few hours, just like on Bitcoin, we can expected quick price move either direction.
Cheers,
Jim
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
LSK longCurrently consolidating in ABCDE pattern within an ascending triangle. I like to buy at the bottom trendline and hold for the breakout, closing the position on a close below the trendline. Lisk will be rebranding on 30th Feb (around 3 weeks away), they have a big party and presentation planned and other coins that have rebranded have seen their price rocket e.g. Antshares > NEO, as there is usually some good technical news surrounding the rebranding. This is one of my top swing-trade ideas for Feb.