Lisk / BitcoinLong
Lisk Long term
Updated
Through this analysis it consolidates my idea of lisk being a solid option for 2018.
In this chart pattern we can see how the market gave a sudden impulsive pattern about a month ago, after that it had a negative trend . When it touched the support it created a new trend that concurs with the elliot waves. After it's corrective pattern it created a impulse x2 to the previous one.
I expect to see a correction within the next 10 days. I see two possible scenarios here:
1. Having another impulsive trend starting at the first arrow on the left .
2. Having a down trend for couple of more days and then bouncing back with a very solid upward trend. Buy oportunity in the blue arrow on the right.
Appliying some fundamental here: Lisk has shown a nice performance in the past weeks giving several updates which have promoted a certain growth in the comunity. It has many plans for months within march-april that can significantly affect this coin. I will try to keep this topic updated.
Have a safe trade.
Thoughts?
In this chart pattern we can see how the market gave a sudden impulsive pattern about a month ago, after that it had a negative trend . When it touched the support it created a new trend that concurs with the elliot waves. After it's corrective pattern it created a impulse x2 to the previous one.
I expect to see a correction within the next 10 days. I see two possible scenarios here:
1. Having another impulsive trend starting at the first arrow on the left .
2. Having a down trend for couple of more days and then bouncing back with a very solid upward trend. Buy oportunity in the blue arrow on the right.
Appliying some fundamental here: Lisk has shown a nice performance in the past weeks giving several updates which have promoted a certain growth in the comunity. It has many plans for months within march-april that can significantly affect this coin. I will try to keep this topic updated.
Have a safe trade.
Thoughts?
Note
Left arrow buy opportunity was reached yesterday. So far the trend seems to have shown the formation of an Elliot triangle, which means that we will see another impulsive wave within the next 7 days.Note
The declination pattern did not showed up, which means our next buy-low target would be 125000-128 before the impulsive wave comes upNote
Even though my pattern did not came out exactly as I predicted we can see a solid consolidation and right now there's an impulsive triangle formation which means a higher growth. In this chart against btc it's not the current best way to do an accurate prediction,
against USD is the one. I will do an analysis within the next days and post it.
Safe trade !
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