POLONIEX:LSKUSD   Lisk / Dollar (calculated by TradingView)
Lisk uptrend remains intact as it continues to produce higher highs and higher lows. The previous low was at $10.7 where 4/1 Gann Fan trendline was first rejected and currently this remains a key support area for Lisk.

On the 7th of January Lisk produced a new all-time high reaching $40 and then corrected down sharply where it tested and rejected the Gann Fan trendline and the 200 Moving Average. There are now few scenarios that can take place, first is Lisk will continue moving higher from the current price. Second is Lisk will correct back to the $18.8 and then will resume the uptrend. And third is Lisk will go lower to test $10 support, consolidate and only then will be on its' way to a new all-time high.

On the downside, daily break and close below $10 could invalidate bullish outlook and extend the consolidation period, but in any case, long term trend seems to be very bullish , and it's just a matter of time for Lisk to go up again.
Comment: Rally continues
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@HiTech dont you think we are moving in dangerous waters yet?

I mean, btc fall is over?

If btc fall again to 9k we may have another major drop on coins.
Reply
HiTech MarcelMartins
@MarcelMartins, i don't think btc will go much lower, although slightly lower possible
+1 Reply
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