LSKBTC trade ideas
LISK (LSK) - A Favorable OutcomeINTERPRETATION
BITTREX:LSKBTC is an undervalued project that shows potential for promising returns. The upcoming rebrand will likely result in an increase in value. LSK has been trading sideways since its last bull run. Suspected price to increase to ~$50-100 by the end of year. The opportunity to enter a position at the current premium price is set to expire by the end of February at the latest.
BUY SIGNALS
-T&K bull cross
-Price above T&K
-4-Hour Interval (not shown): buying pressure from green cloud
CAUTIONS/CONFIRMATIONS
-Sideways trading w/continued price volatility may continue until outside reports shift investor sentiment.
POSITION
Entry @ 20000
LSK longCurrently consolidating in ABCDE pattern within an ascending triangle. I like to buy at the bottom trendline and hold for the breakout, closing the position on a close below the trendline. Lisk will be rebranding on 30th Feb (around 3 weeks away), they have a big party and presentation planned and other coins that have rebranded have seen their price rocket e.g. Antshares > NEO, as there is usually some good technical news surrounding the rebranding. This is one of my top swing-trade ideas for Feb.
LISK repetitionLISK looks like it might be repeating its trend of consolidating with a quick dip before starting a sudden breakout uptrend. If it does repeat it will be need to break through the resistance line that it has tested several times since the ATH. Be sure to set a stop loss on this one as it could easily go on a bearish downtrend.
Lisk Cup and HandleAs you can see Lisk forming cup and handle.
Buy 0.00194-0.00198
1st target-> 0.00214 (but I wouldn't sell here, I would hold until rebrand.)
LSKBTC LiskImpulsive structure is developing. Another round of rally is ahead.
Scenario is valid unless (ii) is exceeded.
Lisk is super bullish !We're going into a new space where LSK is free to reach 364K sats soon
Keep your eyes on it, and buy the dip !
Here are all the next resistance lines and the uptrend channel where it should stay in.
Going back under 180K sats isn't good
Wish you all the best .
LSKBTC - Lisk ready for round 2As mentioned in title, lisk looks good. But remember, trading around ATH is never obvious and easy.
Target: ~300k, maybe 310
LSK/BTC - Bullish - Parallet Channel break.The SDK is a framework written in JavaScript to deploy your own blockchain network next to the main Lisk network. Decentralised applications can be built on top of your own blockchain.Possibilities are endless, like developing platform independent social networks, messengers, games and so on. All on your own blockchain network including corresponding token, fully decentralised, and all this without the hassle of complicated consensus algorithms or peer-to-peer networking protocols.
LSK has spent most of the last year in a long-term channel. We have closed daily candles above the long term resistance and price has retested the area and reacted.
We can measure where price maybe heading by taking the width of the channel and usually price will reach double the width.
LSK/BTCLisk moving in triangle for now. Expecting another leg down to our support line, but the overall trend is still extremely bullish with all the news coming up next month. Short term target on the chart, but its all the way up,up,up for Lisk imo. The FOMO still has to come. Wait for breakout.
Lisk Flag forming in this accumulating timeAs lot of you know already there is planned huge re-brand in February and that is one of the reasons why lisk ih growing.
You can see in chart that there is a flag forming, so this is good accumulating time. (Also this recent spike could be forming of a first Elliot wave and you know what comes after second wave which is in forming now)..
Buy 0.00198-0.00214
Sell 0.00241 for the first target, or hodl until mid February (re-brand).
LISK (LSK)INTERPRETATION
Strong foundation & promising project makes BINANCE:LSKBTC a strong long-term hold. Short-term buy signals present.
POSITIONS
bought @ 20000
TARGETS
- Long: $100 LSK/USD (prediction based on non-technical evaluation)
BUY SIGNALS
- T&K bull cross
- Price-T&K cross
- Price-Cloud entry & breakout
CAUTIONS/CONFIRMATIONS
- 0.236 fib resistance breakthrough w/other buy signal retained to result in continual bull run
- current selling pressure to drive price back down; test will be to resist Price-Cloud bear entry
LSK Fake Breakout of Falling Wedge?Breakout of a falling wedge in a previous uptrend. However volume is not agreeing with the breakout and we can see a bearish divergence is occurring on the SRSI and the RSI is not signalling heavy buying either. Volume indicator shows this as well that they buying is not there. Something to keep in mind is a break of a wedge/channel or pennant/flag should also occur with higher volume. Volume should be higher on the pole (uptrend or downtrend leading into the flag/channel/wedge) and steadily decrease as the flag/channel goes on as the market becomes uncertain and buying/selling cools off. Then the breakout of the channel tends to lead to higher volume confirming the breakout and leading to a good trade to be made on the breakout above or below the flag, pennant or channel resistance/support.
Lsk reversal point, next sell pointBased on fib time zone as well as trend based fib, we are approaching a possible reversal point for Lisk. With the next extension potential to the 1.61.
LSK long term next opportunity (stop) to ride the trainI am not an adviser but a student of chart and analysis.
