LSKUSD rushNow what the hell is this.
LSKUSD already rushed two times from the bottom to the top of the trend channel and is likeley to do this a third time now (red lines).
I expect the price to overshoot now on the third attempt and go up to around 32 USD.
Afterwards, a more sideway correction as a 4th wave could be appropriate to relax the RSI before the price enters the 5th wave and may target 100 USD.
Given the time intervals (blue vertical lines), this local top might be expected at the end of Jan 2018.
Afterwards, a correction to the upper trend channel line and then the big wave 5 should come, which I expect to be elongated.
Lisk
Lisk VS Bitcoin - The UptrendLisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout.
After rejecting the 46k support, LSK/BTC broke above the downtrend trendline, then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong bullish momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.
There are multiple targets to watch, but the first strong resistance is based on 627.2% Fibonacci retracement applied to the corrective wave down after the downtrend trendline breakout. This is btc 0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc 0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate bullish outlook.
LISK trading opportunityLisk knocking at the resistance levels of the previous channel! if we break resistance at 0.00067 further upward movements can be expected! Higher targets than shown on the chart are possible and could be reached. But we have to account for bitcoin also knocking on the door and shutting down altcoins at any moment.
LISK/BTC Pair - Possible Head & Shoulders Downard MoveChart shows a 12-hour time-frame in simple line format. Possibly a head and shoulders top that has broken the neckline, and come back up again to retest it (red line), and now begun moving down again. If it were to reverse again and break above that line, it could signal a buying opportunity, but otherwise, I see this chart pattern as bearish.
The MACD on this time-frame also looks weak to me, at least it doesn't have near the strength of the previous upward trends, and it along w/ the RSI are both falling. Higher time frame indicators don't seem to support a breakout to the upside either.
Caveat: I'm fairly new to trading, this is my first published idea. Open for feedback.
LISK back at the trendlineLISK got dumped when the rebranding was postponed. After a long retracment it now got back into my targetbox at the long term trendline. I think that the hype will come back soon and LISK might see a good move upwards again, but because BTC is so bullish at the moment, I'm waiting for confirmation of a breakout before I get in. What I think might happen is that LISK could bounce up and down a few times at this long term trendline, before finally breaking trough the blue trendline (eiter on RSI or price). At that point I will probably enter the trade.
LSK 1D Timeframe Chart 12 December 2017Well, $LSK is one of my favorite projects. Really looking forward to the future of this one, as I think it has a great future ahead and it’s one of my biggest long term bags and will be that as well.
Then, let’s take a look at the 1D Chart of Lisk to see where it stands. As we can see, RSI is incredibly low, MACD is negative, but about to make a cross. Looking at the blue zone it’s back in accumulation and buyzone. As we can see from the earlier breakouts, it needs to break the white lines to see a nice big uptrend move. This time it already broke one line, approaching the second one later this month.
This including with Q1 2018 ahead with some big things for Lisk coming up, I don’t see it going down even further and expecting to see an ATH coming in Q1 2018.
LSK New Opportunity (175%+ Potential) - LONGWe closed our earlier LSK trade because we broke support and our stop-loss was activated.
After that, Lisk touched a new now, a support that hasn't been touch since JUNE and then it bounced but, this opened us up for a new trade.
This is a LONG trade. So expect it to leave it open for several weeks or months before we reach our target or stop loss.
Both MACD & RSI are showing some bullish signs.
The charts are building up nicely. Candle stick analysis is very positive.
We will face resistance at 0.00060 and after that we can expect some movement.
Buy in range: 0.00045 - 0.00055
Stop loss:
(*) 0.000388
Targets:
(1) 0.00084
(2) 0.00120
(3) 0.00180
The present is bright and so is the future.
Thanks for visiting.
Your support is highly appreciated.
LISK at good buyLisk at a good buy against BTC but with BTC on the run again we might see lisk break structure and continue downward wait for confirmation to buy at around 0.0007600 BTC. LISK currently hitting 2 support levels in the uppward channel and crossing with horizontal structure as well as RSI showing strong support!
LISK - Cup & Handle Formation, Fibonacci. Lisk has formed a cup and handle which give us an indication of where the prices could be heading next, the handle shows the support and resistance lines and depending on which one is broken will dictate where the price will head next. Keep in mind that Lisk development team is continuously cutting back their projects, therefore, there is still time to catch the trend before any news comes out or new programs are released like the Software Development Kit. If the support is broken you should use the Fibonacci percentages to indicate where the price is heading next.
Orange - Resistance.
Pink - Support.