LSK Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
#LSK has been under a downtrend since March 2024, when it made a local high of $3.250. So far, it has already dropped 77%, and according to this weekly timeframe, it is yet to reach the absolute bottom.
The primary support is at $0.637, from where we can expect a rebound toward the upper resistance trendline at $1.42. The lower support level is at $0.510, which is also an all-time low for #LSK.
- Important Support/Entry: $0.510 to $0.637.
- Resistance: $1.42.
- All-time high: Need to do 17x from the support level.
- Invalidation Point: A breakdown and close below the lower support level.
DYOR, NFA.
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Lisk
Lisk (LSK) setting up for upto 25.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Lisk (LSK).
Recently we caught almost 35% pump of LSK as below:
Now on 1-hr time frame, LSK is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
LSKUSDT(Lisk) Daily tf Range Updated till 06-03-24LSKUSDT(Lisk) Daily timeframe range. pumped when everything else dumped within liquidity clean up thats actually impressive. 3.259 holding strong for now. it needs to keep above 2.162 to try again there. 2.162 is recent retrace point below that will need more fuel later to move up.
LSKBTC (Lisk)Yes, as I was saying, especially since there have been a few consecutive winning rounds with this LSK, I will apply the same method of buying as it falls towards 0.00001500 and then sell it when it has a jump of at least 30% above the average of previous purchases. It's a matter of patience, it's not easy to put a significant budget at stake. That's why it's good not to be too impulsive, but at the same time to be an active and satisfied participant in the crypto space. Especially in turbulent times. Have a wonderful day!
#LSKUSD - A Break Down Through Zone Would Indicate Large Bears!theCrypster -
#LISK has just pulled off a massive trade for us, over 30% on it's most recent long trade - and now we're going Short off the upper resistive trend line.
If we can push down through this current level of potential support (highlighted within the blue box) we could be seeing Short profits of up to 45% if we get close to the lower-most support!
There should be plenty of opportunity to TP on this at various levels as you wish!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
✴️ Lisk To Enter A Multi-Year Long Bullish CycleLisk (LSKUSDT) dropped by 94.22% from its May 2021 All-Time High. Seeing that this is a medium sized altcoin and well known project, we can say the bottom is in based on the fact that altcoins correct between 93 to 98% on their USDT pairs.
Additional signals support this finding.
We have an inverted hammer candlestick on the 19-Dec. week. This ihammer comes at a new low and supported by high volume.
Following this hammer we have two additional candles as consolidation and then the hammer signal is confirmed with a full green candle in early January and a break above EMA10.
The giant falling wedge is another bullish signal, the RSI is also strong.
All the signals support higher prices as well as the overall market action we've been seeing since 12-January when bullish momentum started to build up all-across.
Just a few more days until the next positive/bullish event... Let's wait and see how the market reacts but our bias stays the same... We are strongly bullish!
Thank you for reading.
Namaste.
Altcoin AccumulationOn many altcoins we are seeing huge green waves in volume.
This can be seen as "Bearish Absorption", but when there is consistancy like this, it's more likely the case to be accumulation by big players.
Here is an example: Lisk (LSK)
LSK is the cryptocurrency that powers Lisk. Lisk is a next-generation blockchain application platform that allows for the development and distribution of Javascript based decentralized applications based on their own sidechain. Lisk features an easy to use, developer friendly, and fully featured ecosystem.
Many are saying this is the new Dot-com bubble, but the thing is, every cycle we hear the same thing. Perhaps the bottom is in soon.
LISK LSK USD : DESCENDING WEDGE AND EXPANDING WEDGE $360 TARGETLISK looks like its primed to take off. Ive done a couple other charts on coins that are proof of stake. I did this because the USA government is going to address the issue of proof of work and the massive energy consumption. I believe proof of work is something that will fade away in the near future, its just not Green in the eyes of the government. Proof of stake or some other method will take over. I believe proof of stake coins will be the next big market pump. Something big has to happen for a move like this to play out but its very possible, especially considering LSK did a 40,000% rise in a fairly short period of time. Even at $368 per LSK the market cap would only be around 50 Billion. LSK could surprise everyone! it could however break to the downside and a measured move would bring it to about a penny. I lean more towards the bullish side!
This is not financial advice just my opinion and what I am doing. If you like this content then leave a comment, like, and follow. Thank you
Lisk | LSK bearish chart pointing towards $1.5 With the overall market conditions weighing towards the bearish side, I can see LSK dipping into the top of its main accumulation zone of $1.65 - $1.35 from late 2020 and early 2021.
LSK got recently rejected at a trend line, that acted as resistance before. In addition to this, the price couldn't stabilize around the MA200 and even fell below the MA50. That's why I'm overall bearish.
Let's see how this plays out.
Thanks for your support.
Have a good one.
Lisk vs Bitcoin | Reading The Chart SignalsWe are going to be focusing on the chart signals for LSKBTC.
1) We have a Falling Wedge Pattern (blue).
2) In this same pattern we also have a broken downtrend line. You always have a downtrend line with the falling wedge.
3) Long-term higher low (Jan. 2021 - Feb. 2022).
4) Volume breakout.
5) Break above EMA10/EMA50.
6) Entire Cryptocurrency market going bullish.
7) MACD above zero.
8) RSI at 64.
9) Bullish divergence MACD & RSI (Feb.)
All these are bullish signals.
There are no bearish signals currently on this chart.
More signals can be extracted from higher/lower timeframes as well as different charting systems.
We use a combination of signals rather than just one before making a call.
We look for at least 3-5 strong bullish signals, the rest we can ignore.
If we see mixed signals.
If we have mixed feelings.
If doubts creep in while reading a chart, we move on.
There are always more opportunities.
So anything that causes doubt means that the chart setup isn't strong enough.
Even with 100 bullish signals and 100% certainty/confidence, we still map the bearish scenario, support levels and when trading use a MANUAL stop-loss.
Namaste.
LSKUSD confirmed break-out to $4.50Lisk (LSKUSD) made a critical Triple Break on the current 1W candle as it first broke above the 1D MA200 (orange trend-line), then the Lower Highs trend-line and eventually the 1W MA50 (red trend-line).
When the very same group of levels broke in the past (May 20 2017 and February 03 2020 weekly candles), the price always reached the previous Lower High, which acted as a Resistance. As a result, a solid approach is to buy now on the break-out and target on the medium-term just below the Resistance at $4.50.
Then on the long-term we have to re-evaluate as, even though the Feb 10 2020 1W candle broke above the previous Lower High/ Resistance, it was a fake out and got rejected slightly above it. Of course it has to be said that this was the time of the start of the COVID crash. In any case, a break above the Resistance doesn't guarantee a long-term rally.
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