Due to the announcement of the lisk.js event, we saw a healthy organic demand spike in LSK buying-volume. This lead to the rise of LSK towards the 1.618 fib at $11.72 which is an important resistance zone for LSK. If LSK can break this resistance and close the daily candle above this zone, it could also break the trendline resistance. If this happens, we could see...
- A huge head and shoulders pattern is breaking out after a sucesful pulback with a massive bullish momentum!
- Looks like 200 weekly moving average is now beying also destroyed by the bulls absolutely uncompromisingly!
- LISK Rank 105 on coinmarketcap, 24h volume $273,893,999
- Expected duration of the trade, probability, stop loss, profit target, entry price...
A strong currency for long-term storage
Entry Between : 3.8$ -----> 3$
Don't forget about risk management
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After our first profit level of $ 8 was hit, we saw a strong momentum for a gift from the downward movement of BTC. Thanks to this, we have reset the RSI and the strong resistance around $ 8 is unlikely to be a challenge. An additional confirmation is the support on the orange MA which is a strong support.
Further increases are possible up to the level of $...
Lisk has just left it’s ascending triangle. First target is the green line at the .618 fib. I would wait for a retest of the triangle and current fib for a buy opportunity though.
Who knows? I have no idea. This is not financial advice.