Lisk VS Bitcoin - The Uptrend

POLONIEX:LSKBTC   Lisk / Bitcoin
Lisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc  0.0004, loosing almost 75% against Bitcoin . But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied to the corrective wave after the downtrend trendline breakout.

After rejecting the 46k support, LSK/BTC broke above the downtrend trendline , then rejected 52k support and today broke above the 200 Moving Average. So far price action shows signs of a strong bullish momentum and most likely Bitcoin will be outperformed by Lisk in the coming weeks.

There are multiple targets to watch, but the first strong resistance is based on 627.2% Fibonacci retracement applied to the corrective wave down after the downtrend trendline breakout. This is btc  0.0015 level, where LSK/BTC already established high on the 16th of November. The next strong resistance is btc  0.02 psychological round number which is at 927.2% Fibs and could go a little higher. On a downside note, only a break and close below the 46k satoshi support could invalidate bullish outlook.
Comment: Here is Lisk / USD to watch
Comment: Lisk is on fire :)
Comment: there is a support at 88k satoshi, would probably continue moving up from this level
Comment: Its not late to buy Lisk
Comment: The first target reached!
Comment: Uptrend Continues, waiting for the next target
Comment: Very close to the second target
Trade closed: target reached
Thank you
any new targets? Nice analysis
HiTech BrunoDanteSampaio
+1 Reply
Any new Stop-Loss/Limit
HiTech js_nyc
@js_nyc, all same
Is correction done? should we stay until it's going to hit the new resistance line? Is this good time to buy or hold?
HiTech a9617
@a9617, Its almost always late unless you enter when i publish idea
a9617 HiTech
@HiTech, So I followed you and I'm waiting for your next idea! Post it soon please :D
HiTech a9617
@a9617, check my ideas on Nexium
a9617 HiTech
@HiTech, Sure!! Thanks a zillion
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