Price has fallen from $50 to as low as $12 in less than two weeks. However, this week we saw massive pullback to the upside as price moved from $12 to has high asa $33. Now price is enetering to what looks like an arc structure. Wait for a bullish breakout above $35 and $40 respectfully.
LSK at the 1 hour breaking through heavy resistance, possible wave 3 in action, watching for confirmations.
LSK rebranding next week on the 20th, not seeing a huge sell-off like the November event happening. At this point much more serious investors, developers and project leads are heavily invested into LSK. In November it was more speculative investors trading.
For a further upward impulse we need a small correction.
ADX shows us that the current impulse is weakening and weakening
RSI shows us that LISK is heavily overbought
ATR shows us that a bullish trend should not change
So, sell LISK now, then re-buy it on RSI 50-60.
Right now LISK can grow a little more, but the correction will happen.
Hello traders, we are here for you even on Saturday! Having a cup of coffee we are going through some Cryptos to see what's going on and we saw something interesting. Well, as you can see BTC went sharply higher while some ALTcoins stayed sideways and many traders started to speculate, that correction can be completed at this stage, but we are talking all the time...
An inverted head & shoulders pattern have been formed on the 4h Lisk chart suggesting an upword movement. Lisk has confirmed this by breaking up the resistance formed at 29-31.
Buy: 32$
Targets:
T1: 40$
T2: 47$
T3: 58$
Stop Loss: 24$
Good Luck!
Technical analysis:
.LISK/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
.The RSI is at 60.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (18 to 11), if so, traders can set orders based on Price Action and expect to reach...
I was looking at Lisk chart for a long time and could not figure it out by using indicators, Fibonnacci levels or Elliot Waves Theory etc. So I decided to zoom out a little bit as in most cases it helps to understand the general trend. On a weekly chart Stochastic RSI is showing very nice uprend which is a series of higher lows and presumably another higher high,...
time and price analysis may indicate that the price action may enter a 3 of 3 of 3 now.
Next target around 100 USD in march, and 400 in may.
The rebranding will help this move.
The price of LSK stays within a positive trend channel, going back to march 2017! Due to its volatility the channel is quite large, but stable. Even the correction (dec 2017 - feb 2018) didn´t cause a break of this trend.
You can see the comparison to BTC (red line), which shows more weakness than LSK.
If you´d had invested in LSK on its ATH you would have had a...
here we have LSK/USD on the 4 hour chart
This trade could play out in 2 ways:
- I am expecting LSK to begin an up move. Before this it's highly likely that price action will retest the horizontal support zone at $25.
-Price successfully breaks down in one down impulse, tests the horizontal support level at $21, and bounces to the upside target at $29. This...
Market opportunities like this don't come along very often. By definition, higher time frame charts are typically better indicators of over all trend than anything intra-day. Oddly, I find not very many traders utilize them. The bullish cypher pattern just completed on Lisk is a strong signal that we'll see a correction. Remains to be seen if it will be sustained...
Big 1 Wave on Lisk, so more conservative 3 Wave to 1.0 Fib Extension. And a conservative 1.618 Fib Extension on it's 5 Wave.
Let's see how it plays out...
LSK/USD:
Buy range: $22-$25
Sell range: $30-$45
HODL: till infinity
Indicators:
MACD
Elliot Wave Theory
Doji morning Star
Bullish Engulfing Candle
Lisk (LSK) began its Elliot 5/3 wave on the 4th Nov, 2017 and completed its one to five (1-5) bullish wave at $33. 81 on the 7th Jan, 2018. It then embarked on a bearish three (3) waves ABC correction from $33.81 to...
