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LSKUSD trade ideas

Lisk Could Be Ready To Explore The MoonLisk has been breaking above all resistance levels showing that there is huge upside potential in the coming days. LSK/USD rejected the 200 Moving Average on the daily chart and has managed to break above the $10 strong resistance which is also a psychological round number. It seems that Lisk is ready to launch and could be exploring the moon, while the upside targets are quite high. The nearest target is around $25, while a much stronger resistance is at $30, which is also a psychological round number and does correspond with two Fibonacci retracement levels applied to different corrective waves. First, it is 527.2% Fibs at $29.2 and second is 827.2% Fibs, which is right at the same level - $29.2. This does make this price a strong resistance and could be the upside target. However, if broken the highest target for this wave could be as high as $40, which is near $727.2% Fibs.
POLONIEX:LSKUSDLong
by CryptoPAMM
8
Lisk Reached the Resistance, What's Next?After breaking the triangle pattern and then rejecting it Lisk went up sharply, from $5 all the way up untill the $10, making over 100% growth agains the USD. Indeed a great performance by Lisk, but when, if and where it should stop? LSK/USD has already reached the upside target based on the triangle breakout pattern, although it failed to close above that target at $10.6. It has produced a spike on the 4-hour chart reaching $10.9. In order for LIks to continue moving up this high must be broken, by the 4h candle closing above it, preferably even a daily candle. If that happens, an explosive growth could take place pushing Lisk a lot higher. However, while the resistance is holding there is a risk of a downside correction towards $7.6 support level at 127.2% Fibonacci retracement level. Perhaps at this point, it is better to stay neutral and wait for a confirmed break above the $10.9.
POLONIEX:LSKUSD
by CryptoPAMM
12
Lisk Triangle BreakoutLisk was trading within the triangle pattern since September the 1st where it found strong support around $4 area. On the 8th of November LSK/USD finally managed to break through the triangle pattern going above the downtrend trendline as well as 200 Moving Average. The lowest price since range trading has been $3.7, although Lisk already trading at $7.3. This is a strong growth of almost 100% in less than two weeks. While Lisk started to print higher highs and higher lows and trading above the 200 Moving Average, the growth tendency is likely to continue. Based on the Triangle Patter, the very first upside target is seen at $10, psychological round number as well as 127.2% Fibonacci retracement level. Break above the $10 resistance should result in a more exponential growth towards one of the next Fibonacci levels. Keep in mind that a close below the 200 Moving Average should invalidate the bullish outlook.
POLONIEX:LSKUSDLong
by CryptoPAMM
Expected reaction on support backed by SegWit2xOur last growth scenario was almost perfectly fulfilled. The price tested support at 4.488 and went straight to our designated TP around 6.30. Over the past 24 hours we have been informed that SegWit2x has been canceled which has resulted in altcoins growths. Lisk, the 14th cryptocurrency in terms of capitalization is growing almost 22%. Going back to the chart. If we break the resistance we are currently located at and test it from the top, it will be a good place to look for a buy. We see, however, that the price has a problem with breaking this resistance, the upper shadows of candles testify of it. So if it can not be broken, then another good place to buy is support 5.45.
POLONIEX:LSKUSDLong
by jpktraders