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Lskusdt

✴️ 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.
Long
by AlanSantana
3
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.
by reiiss7
1
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.
Short
by PagaLui
2