Lisk
WHAT IS LISK GOING TO DOHello!
LISK is looking in doubt. We have the option to form a bearish pennant and retrace deeper. It has been fighting its recent downtrend for a while now. And so far lacks the power to break thru. The resistance is heavy coinciding with both the 50 and 200 EMA. That's pretty much the bearish scenario.
The bullish scenario is that we start/ are forming a new ew cycle upwards. The resistance will have to be broken to the upside with good strength to confirm the power of the bulls. The MACD and WT tell us it is looking or will soon try to fight the bears on the Line. The stronger support lies @ 125k- 127k level and at the 100k level. If we do manage to break upside the trading opportunity could bring good rewards. Goodluck
Profit Delivery! Volume Supporting the Move!Here you have a coin that has accumulated some great volume ready to see some nice action.
You will see the RSI putting In higher lows and we have some major momentum here.
The MacD on daily and 4H still has plenty of room for us to grow, we have hit a low where this coin has been accumulating for quite some time you can see this on the daily chart below. When BTC dropped we had dipped below this but we returned to this price quite quickly and have sat there ready for a break since.
Stop losses will be set below the red line, they can be set below the black line if the 4H candle closes over the black.
Targets will be green dotted lines.
We can enter this trade at anytime we have great volume.
Cash Is King!
LSKLSK had a strong retrace of just more than 78.6% of its complete movement from the pair's absolute high and low since being introduced to the Binance exchange. Price is currently sitting above that retracement level now, as shown in the daily chart on the right, and recently pushed through the top of the symmetrical triangle. Further upward movement is being impeded at the moment by the 50 MA. RSI is above 50, which means it's bullish , and is moving steadily within an ascending channel . MACD is in bearish territory but is nearing the bullish side of centerline.
This pair appears bullish at this time, so we expect that a strong push through the 50 MA on the daily chart should initially target 0.00170190-0.00182190. Beyond that, we are looking at a secondary target of 0.00212410-0.00228890, which would put price above the daily cloud. Failure to push upward from here may see decent support in the 0.00102000-0.00103000 area.
LISK and 3 beautiful targets :)On the weekly chart, it looks bullish to me (stoch RSI, Eliott waves, RSI)
On the daily chart, the price seems to be in the overbought area though - maybe first it gets a bit lower before the significant move up. On the other hand, rising triangle seems to be broken up, which is a bullish indicator.
Lisk Mid/Long potentialOn technical side, Lisk forming ascending (bullish) triangle that is ready to break out anytime and we expect first target to get reached soon, on fundamental side - lots of news and events for Lisk upcoming in May and June. Lisk currently trading pretty low and looks like a nice buy for mid to long term hold.
Lisk Trend Reversal Might be CloseCurrently Lisk is trading at $8.2 after it has declined from the $40 all-time high. The total loss to the USD was 80%, which is an average correction after the rally within cryptocurrency market.
LSK/USD is now facing strong support at 88.6% Fibonacci retracement. At the same time RSI is forming a bullish divergence, that might be the first sign of a trend reversal, or at the very least a correctional move up.
The could be a great long term buying opportunity, but only if a daily close will remain above the $8.18 support. Break and close below it could extend the consolidation and send price slightly lower before the beginning of the uptrend.
BIG ass BAT: LISK: Could price get back to March monthly pivot?Nice looking BAT on Lisk daily chart. Price reacted nicely off the 78.6% level and has made a couple of higher lows / highs. Now the question is could price get back up to March missed Central Pivot.
HOPE SOOOOOOOO :D
As I mentioned I will post in the notes if I see a nice opportunity to add to position / enter an initial position. I'll also include stop and take profit as things develop.
Lisk (LSK) Trade for 2018 (395% Profits Potential)Lisk (LSK) is another one of those very strong altcoins which also makes it to the top altcoins list by market cap. It is sitting now at #23 with good potential to growth bigger and stronger.
We are going straight into the details on how to trade this coin for mid- to long-term profits.
Lisk (LSK) Trade for 2018 by Alan Masters
##### TRADE INSTRUCTIONS
Buy-in: 0.001150 - 0.001450
Targets:
MID + LONG
(1) 0.00172
(2) 0.00212
(2.5) 0.00252
(3) 0.00282
(4) 0.00332
(5) 0.00399 (All time high on Binance)
(6) 0.00582 (New all time high)
(7) 0.00882
(8) 0.01182
(9) 0.01362
Stop loss: 0.000850
Trade strategy: Wait patiently and sell on target for profits.
Consider this a long term trade. So make sure to allow some time for this trade to develop. Lisk (LSK) was one of the last altcoins to take after last years bull run. The top was reached late January, but the retrace period was completed fairly quickly.
This altcoin has good potential.
Enjoy!
##### CHARTS, SIGNALS & INDICATORS
Lisk (LSK) long term daily chart (Binance):
- Lisk bounced strong from the same price that it broke out of to start its bull run. Making this the bottom of the retrace (for now).
- Positive divergence on the MACD.
- RSI reached oversold and started to move up.
- Plenty of room for growth on the MACD and RSI.
- Needs momentum to take off... Allow time for this trade to develop.
- Good daily volume. Plenty of room left for growth there as well.
- The weekly chart also points to a coming price increase.
- This is a long term trade.
##### Message: Aim For The Future
When working in live, living the present, we tend to focus a lot on the past.
Our past tends to hold deep memories, emotions and the goals that we want to surpass.
The past is great. It is there, it is real.
We can have fun with it and learn from it, but at one point we have to close the deal.
The time to move on has come.
The past was / is beautiful, but the present is us.
Keep on seeing it, learning and growing. Then get back as soon as you can.
Take the road that leads to your future.
That's exactly where should be you aim.
Namaste.
Lisk VS Bitcoin Short Term ViewLisk has found the bottom at precisely 100k satoshis. This is truly a very strong psychological support that clearly was rejected. The following wave up resulted in the break above the downtrend trendline as well as 50 Moving Average simultaneously.
This could be the very beginning of the long term uptrend continuation or at least a strong corrective move upwards. The first resistance is at 190k satoshis that is 38.2% Fibonacci retracement level. Second, the key resistance is at 250k satoshis, that is 61.8% Fibs.
While most coins have been moving upwards, Lisk has gained very little in the past couple of weeks and it could result in a strong recovery in the short term. On a downside, only a daily break and close below 100k satoshis could invalidate bullish outlook.