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x2012cit
Nov 28, 2017 4:27 AM

Lisk 8 hour chart: Target Long

Lisk / BitcoinBittrex

Description

Target: 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.

Trade closed: stop reached

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