Lisk #LSK looking like a prime position to enter. The charts don't lie.. Testing the ascending support, RSI is low, descending wedge.
Lisk has been forming a head and shoulders on the daily for a some time now. The right shoulder is still forming. Neckline is near the .000616 level. If it breaks it can free fall to the .000095 to .000080 level. This not financial advice, I'm new to TA. Trade at your own risk.
Get in whilst cheap. You don't want to miss this train when it starts pumping.
$24 (more than (214%) till Rebranding at end of February is possible as of Triangle Pattern is holding.
Lisk is forming a massive head and shoulders on the daily chart. If it completes and breaks the neckline, the bottom may fall out. Support at .000089 level. Something to keep an eye one. I'm new to this, this is not financial advice. Trade at your own risk.
The November pump started right at the 0.618 retracement level of the August pump, and right now Lisk is sitting at the 0.618 retracement level of the November pump. If it breaks the downtrend channel in which it's currently moving, it may move consolidate around this $7 level for a month or two before it takes off again.
Target: 12000 Stop-loss: 06800 After a move up from the long-term trend line and double top at the 0.618 fib level, lisk has undergone a correction and has now broken the downtrend. We are looking for an initial target back at the 0.618 level before we re-evaluate. Watch for a break of the demand zone I have indicated as it could signal a further move down. Good luck.
Lisk broke out of the downtrend and formed a triple bottom. Refer to my last post (linked below) for a longer-term view.
By Request For BTFD Members looking at possible formations and speculation on two popular pairs more examples pointing towards the 27th Nov being a big movement date for many pairs, up i hope!
LISK is going to release their SDK soon along with their long anticipated rebrand on the 20th of February, 2018. LISK reached $12 last week as people were speculating the rebrand date was going to be the 22nd of November, 2017 in the previous Berlin meetup. It was apparently a shock to many that they had to wait another 3 months, so people panic sold and weak...
Lisk is currently consolidating. We don't know which way it will go until it breaks out of the consolidation. After a breakout we will need to see a confirmation of it holding the wall it got out of to continue in that direction. What are your thoughts? I am in favor of the downside, for a completion of a harmonic pattern to buy it back up.
A number of currencies are trending in an inverse BTC pattern. With unsustainable BTC dominance (% share of crypto currency market capitalization) this could present an opportunity to capitalize on BTC capital outflow by converting to alternative digital currencies ahead of bitcoin crash.
Price is a higher low with Stoch RSI lower lower, that is a hidden divergence. Look at previous times Stoch RSI was low. Price action in an upward channel. In the ICHI cloud now.
Why I think this: Strong bullish indicators -Good volume on breakout of consolidation phase -Falling wedge on RSI (white line on RSI graph) -Recently had a bullish MACD divergence on 4h and longer candles (more on this later) Don't enter now, however for these reasons -RSI at the top of resistance on falling wedge -Bearish MACD divergence on shorter candle...
LISK LONG LONG, check previous charts additionally to chart analysis, lots of positive info and release should come from them soon
There are two possible plays on LISK-BTC either the head and shoulders completes formation and we get a further drawdown (note that there's already negative momentum) OR we can see a bounce off the long term trendlines with a bounce off the parabolic trendline off the RSI. Comment on how you guys think it will play out!