LSKUSD daily chart retracement , 4H bollinger bandAfter the accelerated momentum seen yesterday due to bitflyer listing news, LSK has been on a retracement.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart shows that there is a retracement of the price after it reached the upper band of the bollinger band. Testing back the faster EMA.
If you had fomo'd here, you may want to unload some of your position and wait where the market goes.
LSKUSD trade ideas
LSKUSD wave 5 This is an update of a previous analysis. The wave count is still ok, and the 4 month- MA seems to be a good guide.
Wave 5 might have started yesterday, but it is to early to be sure - corrective triangles can easily produce misleading moves.
If the actual backtest of 27 USD prevails, this would be very good sign.
LSK/USD jump from 21$ 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 .
LSKUSDHello Traders,
This is the first time I see this chart (again some one ask to analysis). Look like again this is related to Bitcoin. We have indecision on the market – this is the reason we have on price chart and RSI triangles.
Just like on other crypto-currencies momentum should rise and price will push into either direction.
cheers,
Jim
Lisk - Decision TimeGood day traders,
Here we have a 2h chart of Lisk.
We're currently in a symmetrical triangle which we will either break up from or breakdown.
I've drawn in multiple supports (and resistances).
Lisk will hover between them, no one can know for sure in which area.
My bet tho is that we will break up, and hover in the $26 to $31 area.
RSI going up indicates we're starting a new bull run, along some other Cryptocurrencies:
(i.e. BTC also just broke above resistance, could be a fakeout, I'm personally going to keep a close eye on it.)
Anyway, we'll see some movevment for sure as we approach the end of the triangle, fingers crossed we may get a new all-time high, and even if not that, Lisk is a $30 coin IMO, I'm confident about that.
I wish you succesful trades!
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.
PS: Please FOLLOW ME if you want to know about all new updates!
lskusd dipLast time with this RSI an almost tenfold increase followed.
Still a further dip to the lowest trendline is possible.
But now wave 2' is almost 76% of 1', so this is nice correction at position 2 which could enable a healthy wave 3'.
How LONG You can Hold ? Short. Correction.the deep correction come to the market. How long it will be during ? Only hedge knows. Be patient. Remember it is healthy to the market.
The most important think in the cryptocurrency is that the people use it, the price will follow by own. Accepted should grown and banking without banks
will be more popular. Good Luck.
LISK #LSKUSD - about to break higher?TECHNICAL ANALYSIS:
The long shadow of the supply candle has set the demand zone (green) between levels $ 25.84 - $ 30.00 and only a serious violation of this zone can turn against bulls. The consequence of this market behavior would be a fall in the price towards the golden trend line around the level of $ 20.00.
For now, however, there are no grounds to believe that the low of $ 25.84 is the end of the wave (2). Therefore, the rate should still be set on increases towards the supply zone (pink) after the peak at $ 40.00.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key levels:
- for further increases - the level of $ 33.70 and later $ 35.50
- for continuing correction - level of $ 33.70 (resistance) and $ 25.84 (support)
- for the continuation of falls - the level of $ 25.84 and later $ 20.00
PS: Be sure to add me to the watchers!
PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Lisk View After The RallyFollowing the previous idea on Lisk , it has reached the final upside target near $40 and rejected it. Now the picture of the further development of Lisk against USD is not that clear. After rejecting $40 resistance price went back and currently testing the support at 527.2% Fibonacci, that is $28.
It remains to be seen if this support level will hold or not. Break and close below the $28 should push Lisk further down, perhaps to the next support level at $20 area. While if the $28 support will be respected, there are all chances that Lisk will continue the uptrend and could go up to $56, that is another 100% growth potential.
All-in-all, currently Lisk is not the most attractive coin as the downside pressure remains. Only a break above the $38 could confirm the continuation of the uptrend.
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 (LSKUSD)Lisk currently is on an uptrend and has just broke a wedge on her pullback.
I see this cryptocurrency continuing to rise due to the people at the top of this project.
The foundation is strong and they continue to level up every move that they make.
Right now she is sitting on top of a support zone as well as the 50 ema.
I'm looking to have movement continue long!
We shall see how she plays out...
***Invest wisely***
-KP
LISK - 200% Potential (40 Day Trade)LISK has been peforming pretty well lately and still has more room for growth as we approach the anticipated LISK relaunch (20 Feb 2018) along with Core v1.0 and SDK releases. As we approach the relaunch date, there will be another price surge that could take us anywhere from TP1 and TP5 within the yellow area on the chart above.
I expect a correction that could take us down to the $30-$24 range again where it will be the perfect chance to accumulate more LISK.
Target Profits:
TP1: $61.98 (110% Profit)
TP2: $73.17 (150% Profit)
TP3: $78.69 (170% Profit)
TP4: $83.23 (185% Profit)
TP5: $89.02 (205% Profit)
If Lisk manages to breach TP5 before the relaunch date, I will update with new targets.
Good luck!
$LSK Breakout update$LSK looking to achieve a kijun bounce and continue to ride tenken-sen to higher levels. Needs to do this before hitting the upper kumo tho. Stay tuned!
LISK HODL (200% Potential profits!)Lisk is a HODLer. Great Project and personally one of the bigger projects I'm interested in. As of right now, Lisk is battling to break it's all time high.. The indicators are very bulish, and I expect the next time it tries to break it's all time high of 31 dollars, that it will certainly do so. If you see lisk at 23 dollars or below, it's a great pick up. I would say 40 dollars is a target for January. However, come February there will be a re-branding! Yes that's right! That should get you hyped because re-branding news tend to move Crypto prices extensively. It would be smart to get in before Febuary. Look for the prices of 23 or below.
Lisk it's cheapIf we go above 30$ we would have broken big resistance and most likely will head to 50$
Trade Safe
Very long, Holdingi think it will be going to the sky in this year 2018
Fundamentally it is possible.
i think -/+ 50$ is posible without very long waiting
LISK - Short-term Drop ?Like most of the other alts, Lisk is another one that has exploded in price lately. Now, with all this increase comes a time where there may be a need for a slight correction. this graph points out that Lisk heading for a short-term drop if we break below the support that as indicated by the purple Lines. Since Lisk is on a high right now it is not a particularly great position to be investing in, however, if you were here for the long term the coin has a lot of potential so another decrease will not affect its price for the future.
MACD - Looks very bearish at the moment and the lines are currently begging to cross over in the South direction.
RSI - is not completely overbought but there is a lot of space left for a decrease.
Orange - Resistance.
Pink - Support.
As always trade the lines accordingly.
