Lisk Massive Falling Wedge | 180% - 370% Profits Potential

25 sept 2019

Lisk (LSK) Overview

Lisk (LSK), founded in early 2016 by Max Kordek and Oliver Beddows and headquartered in Zug, Switzerland, is a blockchain application platform that seeks to make blockchain technology more accessible to the masses. Lisk focuses on user experience, developer support and in-depth documentations. Lisk’s SDK kit is written in JavaScript so as to allow developers to easily build blockchain applications on the Lisk blockchain and even deploy their own sidechain linked to the Lisk network. The open source Lisk blockchain platform is powered by Lisk (LSK) tokens and operates under the Delegated Proof of Stake (DPoS) consensus model to allow for its network to be secured by democratically elected delegates.


Lisk (LSKBTC) Chart Analysis

Let's take a look at the chart for Lisk (LSKBTC). Let's start with the daily chart:

• Here we can see the downtrend being broken (dashed red). This is a confirmed break.
  
• We can also see LSKBTC trading above EMA10.
  
• The RSI hit oversold and bounced, now sitting above 50 (strong).
  
• The RSI is also showing strong bullish divergence with Lisk's price.
  
• The bullish divergence is also showing with the MACD.
  

Long-term chart:

• Here we can see that LSKBTC didn't hit an all-time low, like many other altcoins, yet it still has the potential to move up from here.
  
• There is over 3,000% of profits potential to ATH... The next ATH can be 10 to 20x higher than the last one and it can take a while to get there, 2020/21.
  
• Massively weak on the RSI (oversold).
  
• The MACD shows bullish divergence on the weekly timeframe as well.
  

Thanks a lot for reading...


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