Profit target 140000 sats, recommended placing sell order @ 130000 for more safety. Cash out and forget about Lisk for a while, cause it will correct and form triangle before reaching new heights, this run is not "sky is the limit" yet!
LISK Back To Bullish
After last trade lisk went down fast at daily frame missed check long one at weekly, cost us stop loss and at the weekly frame as we saw lisk show wick and back to bullish again this is noob mistake but we still learn from our mistakes.
Lisk bounced well from 0.148 fib and now play at 0.382 fib looks very good still have long way to move in...
Even though Lisk postponed their "Rebranded Lisk" from end of this year to Q1 of 2018, I still believe this is a great project and people who were disappointed with this move will eventually come back.
From chart perspective, LSK touched and kind of retested long term support. Entering the trade above 0.00065 with marked targets. Initially I would put stop loss...
Lisk had not so much interest during the past month, while it has been trending down from btc 0.0015 to btc 0.0004, loosing almost 75% against Bitcoin. But now things are looking to change as Lisk found the support at 46k satoshi and then at 52k satoshi. These price levels were rejected cleanly and are confirmed by 327.2% and 361.8% Fibonacci retracement applied...
Lisk knocking at the resistance levels of the previous channel! if we break resistance at 0.00067 further upward movements can be expected! Higher targets than shown on the chart are possible and could be reached. But we have to account for bitcoin also knocking on the door and shutting down altcoins at any moment.
