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LISKBTC Potential Entry (Technical + Fundamental)Lisk seems to have formed a symmetrical triangle pattern over the last week. A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward. I think bulls are in favor here due to positive fundamentals (blockchain meet up berlin announced on twitter, taking place 11/22 starting 6:30pm in germany), possible hints at rebranding, and security audit november 30. Take note symmetrical triangle is known to make large movements in direction of breakout, so I recommend use of stop losses and limit buy orders. Local swing highs broken used as bullish confirmations. previous swing highs used as take profit levels. Target 1: 150,000 sats Target 2: 173,000 sats Risk reward: 2+
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by JCBCrypto
LISKBTC, 94% profit in 10 daysAt previous analysis, we success to reach 94% profit target only in 10 days, congrats. We have classic support and resistance level at 80719, you should pay more attention at this level, because its classic support and resistance near fibonacci 0.145 If we have pullback from this point, we can buy at parallel channel up support and aim for 154858 as bullish target at strong classic support and resistance level. If parallel channel up failed and break down, we can wait at 618 fibonacci support level at 56410 and aim for same target at 154858. Note : I will update this analysis if we reach parallel channel up support or reach 618 fibonacci support. To understand more about this setup, please check our video analysis. Previous analysis :
LLong
by AzrulAzir
12
LiskBTC Long Look Why? Look at the chart.Hello traders! Lets look at LSKBTC chart. I founded something reaaly interesting. We are in uptrend - yes. Trend is your friend. Also we are in trading channel. But look at RSI and EMA200, this is what interested me most. All times before, when RSI was oversold like now, and we was touching EMA200 suppor - like now, lisk was bouncing up... like now ??? Lets wait and see. Buyzones and take profit is on the chart, nothing more to say. Trade safe ! If you want to tip me, send private message. Love you
LLong
by pawelchasikowski
6