LSKBTC trade ideas
LSKBTCThere was nice harmonic mid of September, but I missed it. Now LSK is consolidating/accumulating, I will setup trade like: enter at bottom of this channel with stop loss bellow previous low, target 1 at previous highs (also 0.382 Fib retracement level of last drop) and final target at 0.618 Fib retracement level of last drop.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
So quiet, it is scary! Entry on ultra low volatility.I don;t know about you, but i like my odds here.
Super quite, tight stop loss under 5%.
Sneak entry usually the best in crypto, it is like hitting a critical strike with your sneak attack :)
Previous surge of 60%.
What could possibly go wrong?
I don;t know what LISK is cooking up, but whatever it is, it used to be $14 worth and now just 3.30, so maybe we can do $5?
Also a fractal is coming on Oct 18th, should be interesting.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
PS: Sorry guys, i know i got a lot of coins to cover. Will do them as soon as i can.
Lisk good moment - Bullish commingLisk looks like she's ready for the party. Completed capitulation and concluding accumulation. RSI and OBV Almost confirming the strong move up. I have already accumulated my BAG and am awaiting the targets. #Ihaveabottom #btc
Lisk Still at Risk Despite 78.6% Fibonacci Retracement Per time of articulating this write-up, LSKBTCprice has been attempting to spike higher for the day at current 0.0005018 levels, but the Lisk price trend is restrined within the tight range (refer rectangular area on 4H chart).
While the bears have retraced its stern downtrend almost upto 0.00048428 (i.e. 78.6% Fibonacci levels), where it tested a strong support (refer daily chart).
While the technical indicators have been indecisive but signals faded strength and struggling momentum (refer 4H chart).
The Lisk project was originally instigated through ICO channel in 2016 that was followed up with the MainNet launch three months later the same year. One of the unique features that this cryptocurrency brings to the verse is giving the ability to developers to use JavaScript for creating dApps.
A secondary phase of investment flow is seen in sidechain project MADANA, as per the announcement of Max Kordek, Co-Founder and President of Lisk.
Because he thinks, the prosperous and authentic blockchain applications would make the foundations of the future Lisk ecosystem.
However, Lisk prices are succumbing to bears since late August that has been significant to end the 2018 in the gamut of cryptocurrency bearish rout. No traces of dramatic bullish overturn is seen for now, instead, we could foresee more dips on cards.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -130 (which is bearish), while hourly USD spot index was at -40 (bearish) at 10:47 GMT.
LSK Looking Ready to POP!Lisk is rounding out as the price approaches support. There's bullish divergence on the the MACD. If support holds strong like it has, Lisk may be prime to jump.
LSKBTC Fibonacci and Wave AnalysisLooking for the wave cycles for LSKBTC to find potential entry points, if the botom of the fibonacci continues to act as support untill December 2018 then this could be a good accumulation zone to buy into. The other highlighted fibonacci levels can be used as sell targets if we see a bullish reversal and uptrend.
Any thoughts and ideas are welcome.
Disclaimers, not intended to be financial advise.
I don't hold a position in Lisk at the time of writing but may enter if the ascending fibonacci trendline finds confirmation in the near future.
Peace,
Biffy
There is a possibility for the beginning of an uptrend in LSKBTCTechnical analysis:
. LISK/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00054740 to 0.00041200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00054740)
Ending of entry zone (0.00041200)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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