Hi there,
So Lisk's rebranding event is coming up today in roughly 6 hours (Doors open 7:30pm CET, 6:30pm GMT with livestream an hour later).
The chart is looking rather tasty. We've just crossed upwards from the undersold territory and a breakout either way seems imminent. As it's the rebranding event later, I would suggest it will break to the upside.
Definitely one to keep an eye on over the next hour or so. As always, I will be waiting for confirmation of the breakout before opening a trade.
This is not investment advice.
Thanks,
Smyelar
So Lisk's rebranding event is coming up today in roughly 6 hours (Doors open 7:30pm CET, 6:30pm GMT with livestream an hour later).
The chart is looking rather tasty. We've just crossed upwards from the undersold territory and a breakout either way seems imminent. As it's the rebranding event later, I would suggest it will break to the upside.
Definitely one to keep an eye on over the next hour or so. As always, I will be waiting for confirmation of the breakout before opening a trade.
This is not investment advice.
Thanks,
Smyelar
Comment:
Also look to significantly increased volume during the breakout. Otherwise it could signal a fakeout.