LSKBTC
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 Looks Ready To ExplodeMassive pennant building in LISK. All signs point towards a price rise. Stock oversold. RSI decent strength. Price above the cloud. Look like it could go on a run to take out ATH soon.
Credit to Josseph00 for calling my attention to this.
PM me for entries, targets, and custom charts.
lskusd -50% dip till rebranding on 20 February 2018Lisk is a nice project made in Germany but till February there will be most possibly no new "fuel" to feed the speculations and force the price.
Cyclic dips that LISK over-goes let's predict that it will be down for next -50% till $12 before the re-branding in Febrary.
Lisk VS Bitcoin - The UptrendLisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout.
After rejecting the 46k support, LSK/BTC broke above the downtrend trendline, then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong bullish momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.
There are multiple targets to watch, but the first strong resistance is based on 627.2% Fibonacci retracement applied to the corrective wave down after the downtrend trendline breakout. This is btc 0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc 0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate bullish outlook.