Hello Steemers!
Today I decided to chart Lisk.
It is a very popular new coin and allot of people are talking about it,
so I think it is about time that I analyse it.
4 HOUR AND 1 DAY CHARTS
Lisk doesn't have all too much history to chart so the time frames I'll be using will be the 4 hour and the 1 day chart.
LSK 4 hour chart Poloniex + previous highs and lows marked- Aug 11, 2016
LSK 1 day chart Poloniex + previous highs and lows marked- Aug 11, 2016
Starting off by marking the previous highs and lows as usual.
Again a mess but Lisk deserves it as it was really volatile in the short past it had.
LSK 4 hour chart Poloniex + previous highs and lows marked + fibs - Aug 11, 2016
LSK 1 day chart Poloniex + previous highs and lows marked + fibs - Aug 11, 2016
Added a fib again to help me remove some noise so I can focus on major targets of the price.
next up the cleaned up charts with levels which correlate fib levels.
LSK 4 hour chart Poloniex + clean - Aug 11, 2016
LSK 1 day chart Poloniex + clean - Aug 11, 2016
After cleaning up we are left with 5 major resistance levels, one of which we are trading at right now.
This resistance level acted as a major support level in the near past which was tested 2 times before breaking down into a new all time low.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion on the coin!
Thank you for understanding!
If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?
DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Kind Regards, OZ :)