Hi there,
So Lisk's rebranding event is coming up today in roughly 6 hours (Doors open 7:30pm CET, 6:30pm GMT with livestream an hour later).
The chart is looking rather tasty. We've just crossed upwards from the undersold territory and a breakout either way seems imminent. As it's the rebranding event later, I would suggest it will break to the...
Looking at rsi shows NAV to currently be undersold. It is currently descending towards a strong support level. Upon the large release of NAV new marketing and project roadmap I believe it is likely to bounce off of these support levels and see a sharp rise tomorrow.
1)OVERSOLD
2) GOOD RISK TO REWARD RATIO
3) EARNINGS IN 4 WEEKS
Can also go bearish due to older bad news but high potentially for it to boost.
#4 follow for more analysis.
