Viktor Karapetjanc
Crypto Post
Lisk has found the bottom at precisely 100k satoshis. This is truly a very strong psychological support that clearly was rejected. The following wave up resulted in the break above the downtrend trendline as well as 50 Moving Average simultaneously.
This could be the very beginning of the long term uptrend continuation or at least a strong corrective move upwards. The first resistance is at 190k satoshis that is 38.2% Fibonacci retracement level. Second, the key resistance is at 250k satoshis, that is 61.8% Fibs.
While most coins have been moving upwards, Lisk has gained very little in the past couple of weeks and it could result in a strong recovery in the short term. On a downside, only a daily break and close below 100k satoshis could invalidate bullish outlook.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CryptoPost constitutes an investment recommendation, nor should any data or Content published by CryptoPost be relied upon for any investment activities. CryptoPost strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
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