Time to buy some LSK?The November pump started right at the 0.618 retracement level of the August pump, and right now Lisk is sitting at the 0.618 retracement level of the November pump. If it breaks the downtrend channel in which it's currently moving, it may move consolidate around this $7 level for a month or two before it takes off again.
LSKUSD trade ideas
LSKUSD COMPLETE CORRECTION GO LONGLISK ALMOST COMPLETED THE CORRECTION AND IS READY FOR NEXT IMPULSE UP.
I THINK THERE WILL BE ANOTHER IMPULSE DOWN TILL THE MAIN TREND LINE AROUND 7.0 AND THEN THE BOUNCE UP.
LET'S WAIT AND SEE
TARGET: RETEST THE HIGH AT 11.6
Lisk: Which way?Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
HODL till 21 December 2017 turn point for LISK vs USD If LISK will not gain to higher prices and continue staying at 8 USD till 21 December, it will most possibly leave the Trade channel and fall till $4.
But if it will rise then could reach $20
LSKUSD $13? Elliot Wave AnalysisWhy I think this:
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
LISK, long opportunitySTOP-LOSS: 7.35$
Take-Profit1: 8$
Take-Profit2: 8.50$
Take-Profit3 : 10$ // Long term
Good luck folks!
LISK going to retrace back downShowing a double top and a bearish divergence with RSI, I believe we'll see LSK drop the the $6.50 to $6.40 level for either a short target or long entry opportunity.
Lisk/Dollar: Support Seems Like its HoldingLisk is in an obvious uptrend making higher highs, higher lows, and with no intention to fight the trend we watch for a key support level to join the rally. Price seems like it's been rejected at the previous structure at the same level where we meet the median line of the modified pitchfork, defining the uptrend. Just wait for a retest of the median line and keep a closer eye for a buy setup completion. In case you get one, try to aim for previous highs, almost at the same level where we see the upper parallel of the fork.
LiskBottom of wave 1 is stop zone buy zones are fib levels. Even Spread. potential targets are outlined
LISK to restest 11.2November and December 2017 are going to be revealing months for LISK as the decentralized mobile platform has announced 2 major events by the end of this month.
Potential collaboration with Google - Rotterdam Meetup: www.reddit.com / www.youtube.com
November 22nd: Lisk rebranding and SDK release
For more official info on their upcoming events check out: lisk.support
Based on all that is happening around Lisk, I wouldn't be surprised to see it taking off past it's recent all time high of $11.2
Guys, I am still new at this. I look at fundamentals first and then look at technical chart analysis from more experienced traders/investors - let me know what you think of my analysis and, most importantly where did I potentially go wrong ?
Thanks
Decision time for LSK -- 11/22LSK has been essentially range-bound for the past handful of days and trading within a large, bullish flag. The decision point for the flag coincides with a major convention for Lisk, featuring a possible rebrand and SDK announcement. In addition to the bull-flag chart pattern, bullish sentiment appears in a couple of upward breakthroughs on triangle, as well as the negation of a possible double/triple top.
Target: $15.00
Stop Loss: $8.50