Lisk (LSK) and Nano (NANO) Technical Analysis: Held Back by Moving Averages But for How Long?
Two projects that are lagging just a little bit compared to some other major players in the cryptocurrency markets. Man this cryptocurrency game is fun. These two projects have risen about 30% in a month, and I can say they haven't been doing well. I've been waiting for Lisk to make its move for a while now but it's really getting pushed back by both the 50-day and 200-day moving averages.
Daily chart
I'd love for Lisk to still go down a bit and test the green trend line around 120 000 sats which would be a great zone to buy. Even though escaping the wedge would probably result in a small surge upwards, the best bet is to wait for the price to push through both moving averages on the daily chart (first picture). When that happens, the charts suggest we could see +100% growth in the coming months. I don't currently hold any Lisk but I will if the price moves to the right levels.
4Hour chart
With Nano it's a bit more straightforward. The 50-day moving average is giving the price some trouble, so I'm just waiting for the day when the price finally closes above it. Breaking the upper yellow resistance line should let the price move to 10 000 sats fairly easily before seeing any corrections. I'm holding some Nano but I'm not lookin to buy more.
Daily chart
I was supposed to add VeChain to this post too but it already broke out. If you are interested in VeChain, I'd consider the range of 47 000-50 000 satoshis as a support level.
Remember, always do your own research before investing.
Great work buddy keep it up.
Well am not a trader, I am long-term investor of lisk and holding it from last year, Lisk is one of best mainstream project. I will go to moon after sdk because it is using most popular programming language javascript. Most of programmers will build applications on lisk platform once they release sdk.
True, the javascript aspect makes Lisk very appealing. I've been thinking my next Lisk purchase could be for long-term but that remains to be seen. In any case, my next buy is going to happen like I posted. Let's hope for the best.