LSKBTC
Lisk 8 hour chart: TargetTarget: 12000
Stop-loss: 06800
After a move up from the long-term trend line and double top at the 0.618 fib level, lisk has undergone a correction and has now broken the downtrend. We are looking for an initial target back at the 0.618 level before we re-evaluate. Watch for a break of the demand zone I have indicated as it could signal a further move down. Good luck.
Lisk: Which way?Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
18 Days later 250% by maximum 0.002 BTC per LISK ca. at 16.12.17Big wave in Trend Channel is broken but we will have the 0.002 250% Gain in 18 days later approximately at 16.12.17
If the current price will resist on 0.0008BTC per LISK the maximum 0.002 could be reached already in 10 days on over next Friday ca. 08.12.17
Lisk - Winter season for $LSKAfter the misunderstood Berlin Meetup last week, where the Rebranding date was announced for February, after which the price dropped 20% , followed today by the BTC reaching a new All-time-high at 9000 USD, we can slowly see a channel forming for LSK, channel that can be easily become a triangle, where the price can start swinging up and down around these levels for the winter months, until better news will come.
There is a potential fundamental news that can change that, this being the release of the Lisk SDK, which is a major milestone on the LSK roadmap. This is supposed to come in December, but there is no confirmation so far.
So, winter season for LSK, the price won’t do much, probably swing from the bottom to the top of the current channel – this can be used for potential small trades, if you need the rush...
1. If you are already in LSK, nothing to do really, except maybe consolidate your position in case it goes to the trend support line.
2. If you need an entry point for a position, look at the two entry points marked on the chart, below the current level, especially for the 70k levels, because of BTC, the price could drop there quickly before going up.
3. We will need a clear confirmation by having a new high, to exactly if we have a triangle or a channel forming. After that you can have clearer first sell targets if you are into swing trading.
4. For longer term targets, I would not sell anything because the SDK and the Rebranding news will most likely shoot up the price in the original uptrend that will go to 2x the current price.
Don’t forget why you are investing in LSK. I’m doing this for the long term, because I believe in the project and because I get to stake my LSK for additional 20% LSK passive income yearly. (LSK being a DPOS coin)
Thanks! If questions, let me know.
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.
Possibly in 2nd wave of new bull cycle for LiskLisk has had a nice ride since March, and has possibly completed a flat ABC correction. Comparing the fractals from the 1st and 2nd wave in March/April with the latest run and retrace after the rebranding dump, it is looking very similar. History does not have to repeat, but with the strong fundamentals of the LISK brand we could currently be in the second wave of the next shot at the moon. Let's see how it plays out. Possible targets would be the 1.618 extension for wave 3 and 2.618 for wave 5, ending around the rebranding date.
Bright future for Lisk - LSK Uptrend clear as dayWhen I think about Lisk, I'm thinking German engineering. Things are done properly, solid roadmap, steady growth, good communication strategy.
nu rushing, no fake news, no pumps.
This is what I see in the day chart as well. Uptrend, and a continuation of the overall uptrend.
Today 22th of November there is an important Lisk event in Berlin. The Lisk team will announce some important news, probably the most expected one is the Rebranding.
Depending on these news, the price might go up abruptly, or a sell off might occur.
I expect good news... short term and long term.
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