Psy have a perspective on this market.. Bitcoin/Lisk 11:11:11
It's not going to happen overnight. Interestingly enough the overall bear market trend for LSK:USD seems to end right on November 11th, 2018. 11, 11, 2018(2+0+1+8=11) 11, 11, 11 - @flauwy brought this interesting date to my attention. Ironic isn't it.
Lisk does look like it is heading into down a bit more, with the overall market trend of course. Currently this entire market is influenced heavily by Bitcoin. It is #1 and has never been displaced. Until something like Lisk, EOS, NEO or Ethereum can at least displace it temporarily than the whole market will be dominated by the Bitcoin moves.
A closer look into the LSK:USD chart - we are in a falling wedge, highlighted on the left with light blue. Falling wedges typically end with break outs. Psy have drawn some retracement charts and noted the 3 potential percentage gains.
The price range for the accumulation zone is $3.70- $7.30 with a average price of $5.40
The 30% and 45% gains are from entry points at $7.30 to the next two fib levels highlighted in pink. Also noted in Pink is where the our wave will meet downtrending resistance.
Short term target $12.65
Midterm $20-$26.60
Longterm $53.53
God bless you. https://steemit.com/@biblegateway
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