With the re-branding of Lisk coming up I think it is a good time to enter lisk on a fundamental AND TA side.
A re-branding usually results in a price rise with cryptocurrencies and I think this is no different with Lisk.
It's at the bottom of the pennant right now and it is bouncing on support from previous low.
Entry: anything below 0.00150 is good in my opinion.
Stop-loss: Around 0.00141. Set a tight stop-loss so you don't risk losing too much. A little below previous low is good.
Sell: Wait until it gets to the top of the pennant. Take a bit of profit there, and wait if the price is able to break the top of the triangle. If it doesn't sell it all.
Good luck!
A re-branding usually results in a price rise with cryptocurrencies and I think this is no different with Lisk.
It's at the bottom of the pennant right now and it is bouncing on support from previous low.
Entry: anything below 0.00150 is good in my opinion.
Stop-loss: Around 0.00141. Set a tight stop-loss so you don't risk losing too much. A little below previous low is good.
Sell: Wait until it gets to the top of the pennant. Take a bit of profit there, and wait if the price is able to break the top of the triangle. If it doesn't sell it all.
Good luck!
Trade fermée: ordre d’arrêt atteint
Unfortunately LSK broke downwards.That's why I had a tight stop-loss on this one:)
Keep a close eye on Lisk, because I still believe the re-branding will make the price go up.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.