✅ Hey Guys
The price of #LISK recently has shot up to reach the historic descending trend line which has been tested and rejected to the downside.
There's a couple layers of support here at around 13% and 20% respectively, this be our target!
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What Do You Think?
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theCrypster -
#LISK has just pulled off a massive trade for us, over 30% on it's most recent long trade - and now we're going Short off the upper resistive trend line.
If we can push down through this current level of potential support (highlighted within the blue box) we could be seeing Short profits of up to 45% if we get close to the lower-most...
Lisk (LSKUSD) made a critical Triple Break on the current 1W candle as it first broke above the 1D MA200 (orange trend-line), then the Lower Highs trend-line and eventually the 1W MA50 (red trend-line).
When the very same group of levels broke in the past (May 20 2017 and February 03 2020 weekly candles), the price always reached the previous Lower High, which...
Basically, the chart of Lisk speaks for itself: LSK has found a strong support area and now is heading to the $3.63 resistance.
Looking forward to read your opinion about it.
Lisk hit the first hurdle, brining price back to 3.9$... The next bullish stop would be around 5.5$-ish according to the bullish structure and looking at previous high... Are things about to get curvy with the increasing hype for AmpliFire? Or will the slightest move of BTC cause people to drop their bags? Lets find out....
For Traders
Cup and handle might be forming
A small retest to 4$ may happen then pump to 5$
-Update not valid if LSK closed above 4.5$ within this 4h candle
GL
hey traders, there is lsk, we waited it for a long time so, we need a close above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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a few weeks ago I mentioned a possible reversal, resulting from an announcement from LiskHQ. However the announcement was a disappointment so price stagnated. However now we are getting to an interesting point from a technical perspective. I've included what I think are feasible price targets if price continues to rally.
I can usually sense when Lisk is up to something... Today's announcement will hopefully be the catalyst that sends Lisk on route to an explosive recovery. But if today's news is just some tonedeaf BS (like Lisks marketing often is) it could cause a massive backlash from rightfully angry investors, sending the prize tumbling below $3.
Update:
Lisk now broke 3.6 and 3.825 resistance
Yesterday during the bitcoin dump, LSK Holded above the 3.440 support line I told u about it before and bounced back to hit the 3.6 and 3.825
For the next 24h, LSK will retest 3.825 as a support line and start its way towards 4.793-5.123
A Daily close above 3.825 will make me more bullish and excited for...
