Lisk is breaking out! Buy the breakout.Hey, I am back with another idea, this time looking at another altcoin that has come to my attention.
Lisk is breaking out of the resistance area, same as KAVA, WAVES and ZIL did! Check out my few last ideas to see for yourself.
The tactic remain unchanged, buy the breakout!
TP $2
Happy alt season!
Lskusdt
LSK/BTC (Strong Bounce @ Key Support)LSK/BTC
-Two bullish reactions at key support area located at 1050 range
-The price today has recovered 30% increased from the key area
-The only problem is the descending trendline resistance
-This will give extra selling pressure in the short term
-But if the Bulls can regain above this resistance zone
-We might see a true reversal confirmation
-My upside potential target is up to 2300 sat area
LSK/BTC (Bullish Triangle Pattern?)LSK/BTC
-we can see a clear rejection of flat area of resistance at 1400
-the price pullback to the 50ma dynamic support range
-bulls keep a series of higher lows which will give potential breakout
-technically, it is forming a bullish ascending triangle
-a confirmation upside breakout is the only thing we are waiting
-the potential upside target is up to 1700-2000 range or higher
-invalidating my bullish bias if the ascending trendline is broken down
LSKUSDT AnalysisI am positive about Lisk. Super Engineering Robo and Engineering Robo 2 are giving a SuperBuy and Buy 2 signal. There is also a moon signal indicating that it is time to buy it. In addition, the candle has broken the support line and opened and closed above it, which means it is time to buy it.
LSK - Bullish Breakout of Wedge, Big Gains AheadPretty simple TA here. Bullish breakout with a bullish daily MACD. The key level to beat is the .00014 level. This level acted as strong support from February till May and then it fell below and got trapped. I am watching for the breakout beyond the blue price level. This would be a strong buy signal.
3200% growth with the miracle of JavaScript programming languageTechnically, by crossing the Ichimoku clouds, one can easily expect 3200% growth for LSK.
Fundamentally, this currency is the basis of the JavaScript programming language, which is currently the most common programming language in the world.
Previously, in other coins such as Atrium and Bitcoin, we did not have the JavaScript programming language, and this can be a very good and high growth in terms of lsk digital currency.
Please trade and sell according to your opinion and discretion
Lisk Has Entered Low Interest Zone | Be Ready For Bullish MoveOn 7th Feb 2020 I posted an article where we have seen that the priceline of Lisk was moving towards $1.67 resistance level. And I predicted that if the price line will be able to breakout this resistance then it we can easily target the point of control of the volume profile of the complete price action of the Lisk. And we have seen that after breaking out the 1.67 dollars resistance level the price action even moved beyond the POC of volume profil. That was more than 65% bullish move but from 11th Feb 2020 up to 13th March 2020 the priceline turned very strong bearish and dropped down. As I have placed the volume profile on the complete price action of Lisk and as result at that time we had the trader’s interest very low below $0.98. Therefore when the price action moved down than that level then it moved up again. And at this time it is moving sideways.
Strong support of 100 SMA:
If we switch to the 2 day chart then we will see another very strong support that has stopped the price action to drop down more. And this support is 100 simple moving average. Even though we can see on the candlesticks of 11th, 13th , 15th , and 17th March 2020 the price action has been moving down below this simple moving average but no candlestick has been completely opened and closed below this support therefore so far the Lisk is failed to breakdown the strong support of 100 simple moving average on 2 day chart.
Down channel:
Now if we switch back to the daily chart then it can be clearly observed that the price of Lisk has formed a down channel. We have recent two more touches at the resistance of the channel one is on 20th March and other one is on 23rd March 2020. After that the priceline is likely to move down but this time it can be expected that the priceline will not hit up to the support of this down channel. because the bollinger bands is expanded up to $0.72. Once the price action will touch at this bollinger band support then it will stop the priceline to reach up to the support of the channel.
Formation of bullish BAT can lead the priceline down for short term:
Lisk is taking another move that is showing the tendency of moving down on short term time period. That move is the formation of bullish BAT pattern on daily chart. We can examine first leg was started on 13th March and it has been completed on 20th March. After that the price action is retraced between 0.382 to 0.50 Fibonacci level. That is the first confirmation of BAT pattern. Then B to C leg is projected upto 0.886 Fibonacci projection level and this is the projection of A to B leg. Now if the final I will be completed then we can expect the retracement between 0.786 to 0.886 Fib level that can be from $0.70 up to $0.62. But I am not expecting that any candlestick during this bearish move will be closed below the 100 simple moving average support on 2 day chart that we have discussed earlier. We can have only a spike up to this level of potential reversal zone of this bullish BAT. And from this potential reversal zone the price action can again take another powerful bullish divergence.
The volume profile is showing more positive results:
Now if we see the volume profile of a complete range of List price action then we receive more positive results. In my previous post the traders interest was very low below $0.98 but now we can see that the traders not interested to trade below $1.15. And previously we had the point of control of the volume profile at $2.09 and this time the point of control of the volume profile is moved little bit more up to $2.15. And at this time the price action is moving in the area where the interest of traders is very low therefore the price action can again take another powerful bullish divergence to hit at least up to point of control of the volume profile and that is $2.15 very soon.
Conclusion:
After hitting the channel’s resistance the priceline can move down little bit more on short term to complete the BAT pattern. But eventually it will be turned again bullish and break out the resistance of the channel and we can expect the bullish rally at least up to $2.15. So this time it can produce upto 246% profit.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Lisk Is Has Taken 424% Bullish Move | Should We Buy Here?Since Dec 2018 the Lisk started forming the bullish Butterfly pattern on 2 week chart and after final leg was retraced between 1.27 to 1.618 Fibonacci and this was the final potential reversal zone of this pattern from where the priceline was supposed to take bullish divergence at any time and at last in Jan 2020 the price action gave a new year surprise to its holders and traders and took a very powerful bullish divergence and gave more than 424% gains from lowest $0.29 to recent highest $1.52 and now the price action is in 0382 to 0.786 Fibonacci projection of A to D leg of this bullish Butterfly pattern.
The Oscillators And Idicators:
On long term month chart If we see the oscillators and indicators then it can be clearly seen the moving average convergence divergence (MACD) is turned strong bullish as the histogram is appeared in green indicating that the momentum has been completely shifted in favor of bulls and moving averages of MACD has also given bull cross in the meanwhile the stochastic has given bull cross from oversold zone and relative strength index (RSI) is still in oversold zone its mean that RSI has still very vast capacity to move up.
An Alligator Mouth A Very Strong Bullish Signal:
If we see the move of simple moving averages with time period of 25, 50, 100 and 200 then 25 SMA has crossed up all moving averages and after that the 50 SMA has crossed up the 100 SMA and soon it will cross up the 200 SMA and this golden cross can produce a very strong wave and once we have the order of moving averages from down to top as below:
200 SMA then 100 SMA then 50 SMA and then 25 SMA above all
Then a complete alligator’s mouth will be opened then the most powerful rally can be started.
When the alligator’s mouth was opened in May 2019 it leaded the price upto $4.6.
How Can We Enter In This Bullish Move?
At this time the price action is very closed to the price level $1.67 where it could not resist in Jul 2019 and dropped more than 73%.
But if we see the visible range of complete price action of Lisk then we are far below than the POC of volume profile and traders interest can be seen upto $2.35 very strong and every candle stick is being closed above exponential moving averages 10 and 20.
In my opinion if anyone wants to enter in this bullish trend or interested in buying Lisk here then he/she should wait until the price action completely hits the $1.67 resistance and breakout this resistance coz sofar a correction move is due since it has taken bullish divergence.
Now the price action may have a pull back from this resistance and hit the EMA10 or EMA20 and take a bounce to breakout this resistance or can break this resistance without any correction.
The secure buying would be needed an aggressive thinking and that would be: we should wait for breakout from this resistance and wait for some correction most of the times when the price action breaks the resistance then it retests the previous resistance as support so after breaking out the resistance we can place buying at $1.67 and also use this support as our stop loss and in this case if the price action doesn’t break down the $1.67 support then we can easily target the POC of volume profile at $2.35.
However I will keep posting more updates on Lisk when receive any developments.
Regsrds,
Atif Akbar (moon333)
LSK/BTC TA Update (Bull's Last Chance?)LSK/BTC
LSK is still on a down-trend structure as the price keeps respecting the 100 Day MA as strong resistance. If Bulls can hold the previous Low at 800 sats and bounce up to 950 sats.
There will be a chance for buyers to start stepping in to look for potential early entry Long positions. Otherwise, closed below 800 sats will open doors to the downside.
LSK BTC DOUBLE BOTTOM
LSK is now sitting in support line and also formed a double bottom which is a bullish reversal pattern.This double bottom means the bearish trend will be changed to bullish trend
RSI is below neutral zone
STOCH bullish cross
MACD bullish cross but we are below neutral zone (which is a bearish sign) so only this bullish cross is confirmed,not the trend
Volume increasing which is sign of accumulation and after will going up. First target is 4600 sats and second 5093 sats which is a fib resistance
Possible LONG idea of LSKBTC pair !Hello, guys, I'm back again with my new idea of LSKBTC .
LSKBTC was standing too quiet for a long time, volume dropped lower levels. I don't expect more than %15 profit. Please play with a stop loss.
Trade instructions.
Redline: stop loss area
Greenline: buy area
Bluelines: resistance and sell areas.
Love you all, stay safe.
This is not an investment advice.
LISK: Buy zone; 700% profit potentialLisk is a perfect example of the market cycle we see all the time. This is definitely a buy zone.
LISK: Head and ShouldersLisk has formed a bullish signal: Head and Shoulders. We can confirm a breakout when the price closes above the green resistance line.