On the expectation that Bitcoin will weaken (temporarily) in the near future investors are likely to seek lesser known lower market cap Bitcoin alternatives with long term growth prospects (Monero, Dash, Ark, Neo, Etc, Golem). Expecting Lisk to increase at the very least 500% increase by the end of 2018.
The yellow arrows on the chart show the divergence. To confirm this idea, you need to wait for the last level of resistance to break through. This movement is confirmed stochastic RCI. I recommend that you open the purchase from 4.65, stop order 4.30.
VOLUME, check. LOW RSI, check. BOLLINGER BAND BREAK, check. I have been working on developing my own unique (or not so unique) strategy. I only move when all THREE checkout. So far, I am having some positive odds. The arrow represents my buy in point. Now, this could never account for a Whale Bear Dump.
$LSK - Lisk Bullish Ascending Triangle
Heading back toward $8.00 - Once it breaks through $8.00, expect $10+ in near term. Needs to hold lower ascending trend line.
#Lisk #crypto #hodl #bullish #bitcoin #ethereum #litecoin
Note: Idea/opinion, not investment advice
