Oh yeah! Daily Lisk is bullish!

POLONIEX:LSKBTC   Lisk / Bitcoin
All details at chart. Possibly and not-greedy target for 2nd leg of potential uptrend (first real uptrend in Lisk lol) is area between 55k (one of the highs) and .382 fibo corresponding with my old target of higher high. The big triangle is old story and Lisk did huge fakeout-down just to get back on bull track with that daily bullish monster. Of course Lisk market are not used to play uptrend so market now is not sure, frightened and shy. Buy zone was obviously all below 40k but first below 45k. In long run all below 50k should be "cheap". Conservtive traders can wait to break 50k with stronger buy signal. MAs above 60k are not good for daily Lisk, but even that we can see nice bull touch of 50ma by daily green.
Comment: 4h zoom with beauty 200ema hit:
Comment: We should be ready for something like that (pennant), because price corrected pretty hard after this spike, so we're probably building lower line of pennant after pole with decreasing fluctuations till end of that pattern. Stay calm.
Comment: And here we go again up with rising buy support. Again, above 200ema @4h:
Comment: We can see ascending triangle at 4h. We're balancing a little above/at 200EMA, this is pretty good signal. Also 21EMA showing good bull vibes; already crossed 50 and 100EMA and standing strong now below 200EMA. Lisk chart is not long chart, the 21EMA was at top EMAs in early June but chhart not showed 200EMA that time, it was too early for that. Anyway, if 21EMA will cross 200EMA at 4h, we should see nice green candle, there's possibility tahat it would be an attack to cross upper base of our ascending triangle (50k area, big resistance). It would be 3rd time we're attacking 50k (fist was 22nd of July, second 10th of August; two fails).
We can also see a little bullish divergence (second chart below) at 4h. At 2h this div should be bigger, but let's stay with 4h charting. This bull div it's not big deal but if it will play with 21ema attack 200ema, it can add some fuel to attack 50k level. 50k is most important resistance and key for Lisk chart now imo. Stay tuned, Lisk need time and market now is a little shy, but with bullish inclintion.

Comment: 21ema crossing now 200ema at 4h !
If it won't be just a small touch and back, bigger move is in menu.:)
Comment: Made new daily Lisk with another idea (for fun):
+! ty
+1 Reply
leathan leathan
I learned alot just reading.
+1 Reply
oldstout leathan
Great! I hope you will make some profits :D Good luck :)
very impressed. Not too familiar with Lisk. I like that you are long. Where did you learn your strong technical analysis skills? Thanks.
+2 Reply
oldstout Agentbond007
Thanks, but I have no big skills. My charts are based always on simple things, mostly trendlines, patterns and a some indicators. I think the key to charting is trendlines and patterns. Indicatoors are just small add to trendline+pattern base.
+1 Reply
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