LSK/BTC Ridiculous 50x away from previous ATHLSK is suffering since middle 2018.
Once it starts its recovery and decides to enter the bullmarket we can look for a 50x recovery.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
LSKBTC trade ideas
is LISK ready finally? I think yes, put SL in a tradeThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
LSK, LOW RISK and high probability = thats what we likeThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
50% for LSK?YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Lisk (LSK) Takes Off! (149% Mapped | Mid-Term)Lisk (LSKBTC) is taking off today with really high volume to break above EMA50.
We can see the MACD now above zero and a strong RSI.
This chart setup and the signals are very clear, LSKBTC is ready to grow.
The next target is marked on the chart.
Namaste.
Lisk Nearing Possible Strong Move Up - 50%+ on first move upLSKBTC is one of those coins that has steadily declined by almost 99% of it's value since its heady high of 21,300 Satoshis in January 2018 to its current level of around 400 sats today.
Rewind 12 months and the coin launched 240% over the course of 13 days following its exit from a bullish descending wedge 19 days prior.
That scenario is now repeating itself as Lisk is 15 days clear above the down trend of a similar descending wedge.
There are some key differences however:
In Jan 2020 a bullish divergence in the RSI resulted in a powerful bullish break of the wedge. This time lower highs on the RSI saw a bearish breakdown of the normally bullish pattern. That bearish break has failed and the chart has now printed candles that perfectly climbed around the tip of the wedge and above the overhead resistance. Due to the weaker sentiment this time around, expect a more subdued beginning to the run.
A strong convergence of horizontal and the overhead downtrend resistance that stopped the 2020 run will meet the coin at around 630 satoshis (53% profit). I expect it to be rejected on the first encounter and retrace to find support around 460 sats before moving up higher.
Lisk now needs to stay above 400 sats and continue to print higher highs that get the attention of the market
Of course nothing is guaranteed so a couple of words of warning are appropriate:
1. While the above scenario may play out, the chart could also be seen to have printed a bear flag with a target around 150 sats
2. At any time Lisk may find itself the subject of a coordinated pump as we've seen happen repeatedly in recent days. If that happens all rational targets will go out the window.
3. Bitcoin can (and often does) ruin even the best altcoin setups.
Happy trading!
Short in the Dark (Jan 12th 2021 through March 2021)Lisk/BTC rate (January 12th 2021 through March 12th 2021)
Low: 0.0000223 LSK/BTC
High: 0.0000480 LSK/BTC
With bitcoin getting pumped as hard as it has been, this scenario seems fitting. However there is a chance that we don't get the 4,800 satoshi level and we go straight towards 2,230 sats. I'm just watching this for Cindicator.
As of right now I have not tried to confirm whether or not these fibonaccis are set up correctly, so it's definitely a bit of a shot in the dark. But I do believe there could be at least 1 good bullish move in this chart in the coming weeks before going lower.
Totally possible that this is the trend reversal but I'm not 100% certain the current structures printed on the floor signify much of a bottoming out pattern and volume data hasn't given me a totally clear sign either. If this is more bullish than I'd thought, we could surpass 4,800 sats soon after reaching it the first time maybe?
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
LSK/BTC: New Bull-Run Soon?LSK/BTC failed to pierce through the all time low around 600 sats. Recent price action could signal a new bull run starting soon, take a look at today's massive engulfing candle for example.
The most conservative approach to this trade would be to target Resistance 1, based at last week's high. Resistance would yield higher returns to the cost of higher risk.
LSK/BTC Approaching Major Support!!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
We can see LSK/BTC approaching a major support zone around 654 sats. Wait for a bounce with a higher low for confirmation before entering. If it does bounce successfully we can anticipate a run to the next major s/r around 1200. Don't forget your Stop loss and calculate entries on the lower TF''s. Let's watch closely.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
LSK/BTC (Broke Weekly Key Support)💎Technical Analysis Summary💎
BINANCE: LSKBTC
-Lisk broke the weekly key support area around the 1100s sat
-This is confirmed after more bearish candles formed
-Technically, this is not good in the midterm
-As the price started moving on the downtrend market again
-If we see LSK bounce up to previous support
-That would be likely a Bearish retest and continue lower
-So please be cautious entering this market without a trading plan
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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