Lisk (LSK) Technical Analysis and Potential Trade. Live Updates!
I've been long
LSKBTC
for a while now, I think it's time I publish an analysis for those of you looking to get in to
LSKBTC
for the first time or for those of you that have been holding and are looking for targets. I personally like this coin because I am very bullish long-term on many platform plays including
LSKBTC
. With the rise in the number of IOT devices and the need for automating and reducing the fees on microtransactions, I think platforms that can scale with wide adoption will be one of the (if not the) highest cap coins down the road. Additionally, the market cap of
LSKBTC
is right around $1.5 billion, whereas
ETHBTC
is over $90 billion! To me, I see plenty of room for growth.
The pattern that I have been most telling recently for
LSKBTC
has been the RSI, the volume, and the MACD. I see that
LSKBTC
is oversold and believe that it is ready for a rally! If we see similar action as in the last couple of overbought instances, we'll be headed towards the blow target. So, let's trade!
Buy-in: 0.0023-0.0027
Stop-loss: 0.0017 (40% loss)
Targets:
(1) 0.0030663
(2) 0.0032747
(3) 0.0034432
(4) 0.0036116
(5) 0.0038514
(6) 0.0041569
(7) 0.0050390
(8) 0.0064664
(9) 0.0078938
(10) 0.0087759 (325% growth from upper buy-in)
I'd like to hear your thoughts on
LSKBTC
! Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
LSKBTC
for a while now, I think it's time I publish an analysis for those of you looking to get in to
LSKBTC
for the first time or for those of you that have been holding and are looking for targets. I personally like this coin because I am very bullish long-term on many platform plays including
LSKBTC
. With the rise in the number of IOT devices and the need for automating and reducing the fees on microtransactions, I think platforms that can scale with wide adoption will be one of the (if not the) highest cap coins down the road. Additionally, the market cap of
LSKBTC
is right around $1.5 billion, whereas
ETHBTC
is over $90 billion! To me, I see plenty of room for growth. The pattern that I have been most telling recently for
LSKBTC
has been the RSI, the volume, and the MACD. I see that
LSKBTC
is oversold and believe that it is ready for a rally! If we see similar action as in the last couple of overbought instances, we'll be headed towards the blow target. So, let's trade! Buy-in: 0.0023-0.0027
Stop-loss: 0.0017 (40% loss)
Targets:
(1) 0.0030663
(2) 0.0032747
(3) 0.0034432
(4) 0.0036116
(5) 0.0038514
(6) 0.0041569
(7) 0.0050390
(8) 0.0064664
(9) 0.0078938
(10) 0.0087759 (325% growth from upper buy-in)
I'd like to hear your thoughts on
LSKBTC
! Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Trade active
Comment:
We're flat and slightly up from the upper edge of the buy-in zone.
Comment:
We're still within the buy-in range that I posted. It looks like we're about to brush oversold on RSI. Expecting a bounce again, let's see!
Order cancelled:
I'm closing out my positions for the next couple of days until BTC settles down a bit. I'm not seeing oversold here and pretty much every small-cap coin it taking a beating. I still like this in the longer term, but I'm minimizing my losses here.
Comment:
As many have commented on this analysis, we're seeing Lisk jump around as we're all expecting news. I'm currently seeing the moving average falling with RSI right in the middle. Ideally, I'm looking for the long-term MA to flatten out and see the short-term price break it with decent volume. Again, this is a volatile asset right now and I recommend short-term trades only if you're willing to be near a computer to react to news.
Comment:
