LISK Back To Bullish LISK Back To Bullish
After last trade lisk went down fast at daily frame missed check long one at weekly, cost us stop loss and at the weekly frame as we saw lisk show wick and back to bullish again this is noob mistake but we still learn from our mistakes.
Lisk bounced well from 0.148 fib and now play at 0.382 fib looks very good still have long way to move in it free to buy now just follow capital managment.
Targets
Short-Term
(1) 0.00145211
Mid -Term
(1) 0.00178091
(2) 0.00221931
Long-Term
(1) 0.00284702
(2) 0.00348470
Stop limit at 0.00057531 be sure you now risk and reward before join any trade
risk- reward
37 % - 277%
Tip for the Day
Be a patient trader.
Paradoxical though it may seem, successful day traders often don't trade every day. They may be in the market, at their computer, but if they don’t see any opportunities that meet their criteria they will not execute a trade that day. That’s a lot better than going against your own best judgment out of an impatient desire to “just do something.” Plan your trades, then trade your plan.
capital management is recommended.
we ask Allah reconcile and repay.
Liskbtc
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 - 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.
Lisk 8 hour chart: TargetTarget: 12000
Stop-loss: 06800
After a move up from the long-term trend line and double top at the 0.618 fib level, lisk has undergone a correction and has now broken the downtrend. We are looking for an initial target back at the 0.618 level before we re-evaluate. Watch for a break of the demand zone I have indicated as it could signal a further move down. Good luck.
IS LISK PREDICTABLE?There are two possible plays on LISK-BTC either the head and shoulders completes formation and we get a further drawdown (note that there's already negative momentum) OR we can see a bounce off the long term trendlines with a bounce off the parabolic trendline off the RSI. Comment on how you guys think it will play out!
BTC capital outflow & cross currency arbitrage hypothesisA number of currencies are trending in an inverse price correlation on BTC price drop and accentuated correlation on rise. With BTC dominance (% share of crypto currency market capitalization) decreasing incrementally, this could present an opportunity to capitalize on certain digital assets. This model presents a test-bed for BTC capital outflow and cross currency arbitrage.
Lisk Seems to Continue its Pattern in Reaching New HighsAs shown in the graph Lisk has been on a mid term pattern of reaching the top of shown channel and then dropping near the bottom of it within a 80-85 day average for the average total wave, within this 3rd wave that we are on we have not yet seen Lisk touch or get near the top channel therefor leaving a great room for reward if Lisk does play-out this way. The other, not so likely, way this could play out is by following the new and recent downtrend Lisk has formed but I do not see this happening being that Lisk as a project is only progressing and can see it advancing much further than where they are now.