November and December 2017 are going to be revealing months for LISK as the decentralized mobile platform has announced 2 major events by the end of this month.
Based on all that is happening around Lisk, I wouldn't be surprised to see it taking off past it's recent all time high of $11.2
Guys, I am still new at this. I look at fundamentals first and then look at technical chart analysis from more experienced traders/investors - let me know what you think of my analysis and, most importantly where did I potentially go wrong ?
Thanks
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Lisk moving up as planned - following closely to see if we have break through the last resistance at $11.
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Lisk (LSK) still bullish - currently consolidating between last support ($8.22) and resistance ($10.4).
I personally bought back in at the last support ($8.22).
Noticed a 3 wave pattern testing $10.4 resistance which will hopefully serve as new future support. It quickly broke above $10.4 and immediately dipped back under the resistance line. Let's wait a few days and re-analyse this trend.
Hoping to see a nice breakout out of this triangle pattern in line with upcoming news, but it may need more consolidation.
Lisk (LSK) still bullish - currently consolidating between last support ($8.22) and resistance ($10.4).
I personally bought back in at the last support ($8.22).
Noticed a 3 wave pattern testing $10.4 resistance which will hopefully serve as new future support. It quickly broke above $10.4 and immediately dipped back under the resistance line.
Let's wait a few days and re-analyse this trend.
Hoping to see a nice breakout out of this triangle pattern in line with upcoming news, but it may need more consolidation.
BrunoDanteSampaio
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Hi, thanks for your idea sharing. I do think after it's rebranding it might go to 20ish usd. I won't be surprised to see a 40 usd LSK in 2018. Im a early investor and went 90% in. I like the technology and I believe in the team :)
VTC
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@BrunoDanteSampaio thanks for your comment.
As you can tell I am rather new (first chart published on TW) at this sort of analysis but I have been following LSK and doing pretty thorough research for a while now.
I got in recently and regret not having bought earlier, the project is amazing, the team as well and they seem to be going in the right direction to establish themselves as the ref platform for decentralized mobile apps.
If the rumors about a partnership with Google are true, we are in for a treat as well! In the meantime I can wait to see where the rebranding and SDK will take us !
BrunoDanteSampaio
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@VTC, thanks for the reply. I also did some thorough research on them before going 95% on Lisk.. On a TA perspective on a broader time frame as you posted it looks like we are in the middle of wave 5 of EW. After this wave I think it might correct a bit and then - depending on SDK release and re-branding, Google partnership rumors, Asia exchanges listing Lisk, etc Lisk tokens might go for a huge run up.. Besides that, if next year Ethereum faces any kind of security issues Ethereum investor might to into full mode into Lisk.
In that scenario I wouldn't be surprised to see a $100 Lisk.
What are you price predictions for next year and for how long do you want to hold it?
Overall I agree with you. I think Lisk is one of those coins with great potential, still undervalued, with a good market cap/volume and room to grow.
If it can hold and create a new support level at $10-11 before the end of the year, I could see it testing the $15-20 range in the next few months. But it will most likely consolidate between $12-$15 and test these levels multiple times before establishing a any support at that level.
It all depends on how impactful the upcoming events will be on price (some traders I've talked with believe the rebranding and SDK will have a lesser impact than that of Antshare (NEO) had during it's rebranding back in August).
I think the $100 Lisk is still a long ways. My predictions would go towards establishing strong support around the $20-25 by mid 2018.
If it manages to raise to a 6B market cap (which I think is realistic for, hopefully, a future "top 10 alt"), we should see it in the $60 price range by end of 2019.
Again, this all depends on where the global crypto market is going, but this is what I expect based on overall market growth in the last 12m.
I'm not an experienced trader, and Lisk is typically a coin that i'm looking to hold 3-5 years to really see it reach its potential.