LISK upward channel movement

13 окт. 2017 г.

I honestly drew this a few days before the first altcoin dump began, it's interesting to see that LISK has been affected by the dump but not in such a way to throw it way off of it's original course. If is goes back up and tests the diagonal support line I expect it to retest the bottom support one or two more times before deciding to break out. It also helps that the expected points it hits on the channel are former lines of support/resistance. Considering we're expected to see a huge altcoin buy-in after the Ethereum and Bitcoin forks, and the holidays are coming up (both of which will have a huge influence on the market for the rest of the year) holding onto some LISK until early 2018 or longer can lead to some very good returns. A good entry point would be anywhere before it enters back into the channel.