Lisk is doing good, real good. LSK/BTC is now up 150% since previous month (24-5). 24th was the day after the first major upwards breakout (100%) for Lisk.
As illustrated on the TA we see that after the first bullish breakout we see a pennant forming. After wich surely another breakout followed (initially 100%, to be boosted almost up to 200%)
Is what we are seeing now, another pennant, an indicator of what is to follow? Possibilities:
Bullish breakout 1 (blue): Repeat of previous breakout in volume with small bear trap (rip weakhands) INIT: 182K sat TARGET: 210k sat
Bullish breakout 2 (green): Breakout with same volume as previous breakout. TARGET: 210k sat
Bullish breakout 3 (purple): 100% Breakout (out of the 3, most unlikely but LSK seems to like 100% breakouts) TARGET: 243k sat
Bearish breakout (red): Let's not?
So keep track of the volume of LSK trades in the next couple of days, when it starts to increase, it is time to board the train.
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