Sleeping Giant: Lisk on the Move! C & H pattern [4h]
KEEP IT SIMPLE!
Lisk has bottomed out reaching a low of 10.2k satoshi on April 2nd and then went a big 40% move over the next 2 days. It found resistance in the 14k satoshi area which coincided with a high wick from march 25th forming a cup pattern. After correcting for a day and half we saw a breakout of the regression trend channel (handle) signaling a potential buy.
Riding this next wave to retest the 14k satoshi for a 20% gain and selling. Closely watch at 14k satoshi for breakout of the cup with volume confirmation for a potential reentry. If breakout occurs we look for resistance leading into the 15.5k - 16.5k satoshi area.
Disclaimer: $BTC is King and will ruin any potential trades. Since its currently dancing sub 7k and much FUD still going around be weary of any trading.
Opinion: Lisk is a highly undervalued dApp platform that will surge in 2018 with its completion of a full suite of Javascript development tools for creating blockchain dApps. Javascript is one of if not the most used programming language in the world.
Lisk has bottomed out reaching a low of 10.2k satoshi on April 2nd and then went a big 40% move over the next 2 days. It found resistance in the 14k satoshi area which coincided with a high wick from march 25th forming a cup pattern. After correcting for a day and half we saw a breakout of the regression trend channel (handle) signaling a potential buy.
Riding this next wave to retest the 14k satoshi for a 20% gain and selling. Closely watch at 14k satoshi for breakout of the cup with volume confirmation for a potential reentry. If breakout occurs we look for resistance leading into the 15.5k - 16.5k satoshi area.
Disclaimer: $BTC is King and will ruin any potential trades. Since its currently dancing sub 7k and much FUD still going around be weary of any trading.
Opinion: Lisk is a highly undervalued dApp platform that will surge in 2018 with its completion of a full suite of Javascript development tools for creating blockchain dApps. Javascript is one of if not the most used programming language in the world.