Based on fundamentals (lots of developments coming) and technical analysis, I'm expecting LISK to reach the top of the channel on left chart and maybe even a breakout to the upside.
LISK found a bottom (see linked chart in "related ideas") and made a nice bounce. currently forming a 5 legs up cycle. As long as the yellow support line can hold, I'm expecting a pattern as drawn on the right chart. On sunday night, a Video was posted from a LISK meet up in the Netherlands where a teammember mentions that Lisk is in contact with Google HQ which gave a nice spike to the price. I'm expecting a pull back from this spike which might give a nice entry point. Longer term a good buy without doubt!
Targets and reversal zones determined with Fibonacci extensions.
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Price extended a bit target (3) and (4) seems to be in place as it bounced exactly in the blue box. Target (5) is still valid
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LISK is doing great, according to the set up. Just broke out and might start next leg up towards next target
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Trade closed manually when LISK team announced late relaunch. Looks like we're making a big ABC correction and start all over again in a few weeks.
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Due to the disappointing meetup a while ago, it made a deep retrace but still on track. Currently in a bull flag, waiting to break out for next leg up.
Lisk is definitely a no-brainer in any crypto portfolio. It's a serious project and they are looking to achieve great things. They have the funds and the team members to do it and their approach is very professional. I already did my research on them months ago and stocked up on Lisk heavily during the recent crash thanks to Bitcoin going bananas. I will keep adding more Lisk to my portfolio as and when its available for cheap again.
DavithElMarco
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@nginx, same , hedged against btc with a half stack in lisk
TAneophyte
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Hi sir. May i know what do you think about Ark? Could it be a potential challenger to Lisk?
noideaihave
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A meeting with rebranding announcement tonight at 7pm Berlin time I think.
rhb_3000
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Yes knew it was still looking bullish glad to see it rising..good call to you sir