Crypto_Ed
Long

$LISK long and short term view

BITTREX:LSKBTC   Lisk / Bitcoin
12812 views
72
Based on fundamentals (lots of developments coming) and technical analysis , I'm expecting LISK to reach the top of the channel on left chart and maybe even a breakout to the upside.

LISK found a bottom (see linked chart in "related ideas") and made a nice bounce. currently forming a 5 legs up cycle.
As long as the yellow support line can hold, I'm expecting a pattern as drawn on the right chart.
On sunday night, a Video was posted from a LISK meet up in the Netherlands where a teammember mentions that Lisk is in contact with Google HQ which gave a nice spike to the price. I'm expecting a pull back from this spike which might give a nice entry point. Longer term a good buy without doubt!

Targets and reversal zones determined with Fibonacci extensions.


Comment: Price extended a bit target (3) and (4) seems to be in place as it bounced exactly in the blue box. Target (5) is still valid
Comment: LISK is doing great, according to the set up.
Just broke out and might start next leg up towards next target
Comment: Trade closed manually when LISK team announced late relaunch.
Looks like we're making a big ABC correction and start all over again in a few weeks.
Comment: Due to the disappointing meetup a while ago, it made a deep retrace but still on track. Currently in a bull flag, waiting to break out for next leg up.

Comments

Lisk is definitely a no-brainer in any crypto portfolio. It's a serious project and they are looking to achieve great things. They have the funds and the team members to do it and their approach is very professional. I already did my research on them months ago and stocked up on Lisk heavily during the recent crash thanks to Bitcoin going bananas. I will keep adding more Lisk to my portfolio as and when its available for cheap again.
+6 Reply
@nginx, same , hedged against btc with a half stack in lisk
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Hi sir. May i know what do you think about Ark? Could it be a potential challenger to Lisk?
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A meeting with rebranding announcement tonight at 7pm Berlin time I think.
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Yes knew it was still looking bullish glad to see it rising..good call to you sir
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nice, really good call - looking for the longterm now :)
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Wow. what a call! Great job and thanks.
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any updates????
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Crypto_Ed kkarthi
@kkarthi, check the charts, no updates necessary.
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