LISK SHORT THEN LONG LONGLisk recently experienced 2 slight bubbles, those bubbles were based on promise hype. Currently Lisk is very simple version of Bitcoin, nothing beyond that. We do have delays on rebranding and 1.0.0 release. SDK has been planned on Q4 2017 but seems it will be also delayed. I think now it's time to short and then around 50-60k satoshi entering back again. Beginning of new year or end of Q1 2018 might be time when they release SDK.
Lsketh
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.
LSKETH Poloniex 10Sep2017 – rising wedge (?) With looking at 4H LSKETH chart there looks to be a rising wedge pattern. RSI lower highs may potentially indicate a ’bearish’ momentum. LSK RSI on 1 day chart is overbought. I can see a possible downward movement if breaks down below lower line of the wedge. I consider support levels at 0.0162-0.0168 range which is 0.382 fibonacci of last upward trend. 0.00128 fibonacci 0.618 level I consider as weak support and then 0.0093-0.01 zone fibonacci 0.786 is another strong support. ’Bullish’ reversal signs to check for at these levels for entering potentially.
What do you think? Please note – these are my personal plan and thoughts only and so please trade carefully!
LSKETH Poloniex doubletop (?) shortLSK is attempting 0.0125-0.0126 levels again ETH for second time in short. If this fails and price bounces back price may return to 0.0103 support - 0.382 Fibonacci retrace in a short term. By watching price movement carefully (RSI and MACD to confirm) selling some LSK deposit against ETH now may be an idea to consider. Buying LSK back above 0.382 retrace level (0.0104-0.0105) can be an option then to consider.
For tracking purposes - I sold 250 LSKs at 0.0125 on 25th August 2017 and expecting to buy back 297 LSKs at 0.0105.
LISK possible targetsI have no idea about LISK, so this is just based on Technical Analysis. If this works out in the end and you made profits, please let me know in the comments why do you think LISK is a good investment. I'd like to know more about the fundamentals but I'm not so interested into researching it myself.
Stop-loss at 0.0002.
Good luck!
Arise LiskLisk is a coin that could potentially be one of the best buys of 2017 at these levels. Currently, Lisk has a 20million dollar market cap. Max (the CEO of the Lisk Foundation), just sold around 1000 bitcoin to fund lisk development. Lisk still holds around 10k bitcoin as well as millions of dollars worth of byteball.
So why is Lisk THE coin to buy right now? Simple. Value! Lisk, much like Ethereum, is a platform for decentralized applications. But unlike Ethereum, Lisk uses Javascript to facilitate its smart contracts. This makes the platform accessible to a wide variety of people.
So, fundamentally, you are looking at Ethereum's biggest competitor, with basically unlimited funding, at a 20 million dollar valuation (big value).
Technically, Lisk is showing a double bottom with bullish divergence on the weekly chart. One can also see incredible volume in the market (higher than it has been since launch). Volume never lies. The weekly has broken out of the downtrend channel and has retested the upper channel trendline on lower timeframes.
This is not a play you want to miss. Potential for HUGE upside.
Lisk W bottom DreamsBought with full force at 0.0005
I'm bagholding hard this coin.
Be warn this could fell to 0.0004-35 level before showing signs of retrace right now we are still in downtrend
Keep a look out for the rupture of Trendlines.
This trade could take up to a month or two
My primary TP is 0.001 and beyond.