Market opportunities like this don't come along very often. By definition, higher time frame charts are typically better indicators of over all trend than anything intra-day. Oddly, I find not very many traders utilize them. The bullish cypher pattern just completed on Lisk is a strong signal that we'll see a correction. Remains to be seen if it will be sustained but the entry remains a good R/R nonetheless. For more information on the Cypher advanced pattern, take a look at Nico's publication:
TLDR:
Traditional targets :
Target 1 : 0.382 retracement of CD leg
Target 2 : 0.618 retracement of CD leg
Opinion and disclosure: Lisk has - serious - potential for 2018. I do not trade Lisk, only buy more when and where I am able. I still chart it for patterns and entries, much as I do with many other pairs I follow. I have (as of 9 days ago) sold half my EOS position to buy more LISk. Be smart with your trades, and best of luck to you.
TLDR:
Traditional targets :
Target 1 : 0.382 retracement of CD leg
Target 2 : 0.618 retracement of CD leg
Opinion and disclosure: Lisk has - serious - potential for 2018. I do not trade Lisk, only buy more when and where I am able. I still chart it for patterns and entries, much as I do with many other pairs I follow. I have (as of 9 days ago) sold half my EOS position to buy more LISk. Be smart with your trades, and best of luck to you.
Trade closed: target reached:
This trade has successfully hit both targets and for all intents and purposes, it's completed. I would expect to see a bullish trend continuation based on the current candles. Significant support directly below us.
