Lisk has been breaking above all resistance levels showing that there is huge upside potential in the coming days. LSK/USD rejected the 200 Moving Average on the daily chart and has managed to break above the $10 strong resistance which is also a psychological round number.
It seems that Lisk is ready to launch and could be exploring the moon, while the upside targets are quite high. The nearest target is around $25, while a much stronger resistance is at $30, which is also a psychological round number and does correspond with two Fibonacci retracement levels applied to different corrective waves.
First, it is 527.2% Fibs at $29.2 and second is 827.2% Fibs, which is right at the same level - $29.2. This does make this price a strong resistance and could be the upside target. However, if broken the highest target for this wave could be as high as $40, which is near $727.2% Fibs.
It seems that Lisk is ready to launch and could be exploring the moon, while the upside targets are quite high. The nearest target is around $25, while a much stronger resistance is at $30, which is also a psychological round number and does correspond with two Fibonacci retracement levels applied to different corrective waves.
First, it is 527.2% Fibs at $29.2 and second is 827.2% Fibs, which is right at the same level - $29.2. This does make this price a strong resistance and could be the upside target. However, if broken the highest target for this wave could be as high as $40, which is near $727.2% Fibs.
Comment:
If $9 support is broken could correct down
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this shows that lisk could be gong down ...
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so the downside risk is there, but the upside potential remains
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Break above 11.5 is needed
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So far looks good, most likely will continue moving up
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slowly, slowly but Liks is getting ready
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Lisk is my top choice now
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left just small portion of lisk, and switched my top choice to civic
Trade active
Trade closed: target reached:
Although target is reached it could go higher, up to you whether to hold or not
Comment:
uptrend continues
Trade closed: target reached:
Final target reached
Comment:
Lisk has landed on the Moon, will it go to Mars? Here is my view
