The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home News

Lisk Price Analysis: Is It Too Late For Entry Point?

Vishal Dixit by Vishal Dixit
April 8, 2021
in News
0
LISK price
221
SHARES
1.7k
VIEWS
Share on FacebookShare on Twitter
  • LISK price has shown phenomenal growth of 120% in the last month.
  • ADX is at 64.13, indicating a firm trend in the daily timeframe
  • RSI is at 70.46, indicating the coin is overbought in the daily timeframe.

LISK price shows strong support zones near Fibonacci level 0.236 and 0.382, respectively. The current resistance level is $6.76. The volume of the coin has been declining for a few days now. The market capitalization has grown from $388,372,442 to $783,799,186 and the current volume is of $183,519,337. 

Related articles

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

August 9, 2022
Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

August 9, 2022

 

Lisk price is forming an ascending triangle in a 4-hour timeframe. As long wicks are present, another price dip till the trend line could be expected before any decisive movement. A resistance level of $6.72 could also be an entry area if the prices break this level. An up move of 10-15% could be expected in either case.

In the bigger picture, i.e., daily timeframe, the Momentum of the coin is high, and ADX at 64.13 indicates a strong uptrend, but in contrast to this, RSI is at 70.46, meaning the coin is overbought. It can be thought the price could give some retracement back to previous support levels.

The coin volume is also contracting for a few days now, which could also add points to any retracement ideas. But increased buying volume could also cause a sudden upside movement.

In both the timeframes, the price is above 50 EMA (yellow) above 200 EMA(white), which indicates an uptrend in the coin.

CONCLUSION 

One must wait until a decisive movement is observed either from the breakout of ascending triangle pattern or the $6.72 level. 

Technical Levels

SUPPORT – support zone of $5.68 to $.582 and $4.78 to $4.98, Trendline of ascending triangle

RESISTANCE – $6.32(resistance level of ascending triangle) and $6.72(recent high)

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction.

Share88Tweet55
Vishal Dixit

Vishal Dixit

Vishal Dixit is a technical analyst with over a year of experience in the Indian stock market. He likes to read, learn and practice more about cryptocurrency, Forex, and Equity. He possesses strong technical and analytical skills in the financial market which comes from a strong background as a chemistry graduate and chess enthusiast.

Related Posts

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

by Nancy J. Allen
August 9, 2022
0

DASH coin recently moved above an upside parallel channel on the one-hour time frame.The DASH coin is trading above the...

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

by Antonio K Smith
August 9, 2022
0

Basic Attention Token price is trying to sustain above the horizontal; range-bound area over the daily price chart.BAT crypto has...

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

by Ritika Sharma
August 9, 2022
0

Monero price is trying to recover itself inside the rising parallel channel over the daily chart.XMR crypto has recovered above...

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

by Nancy J. Allen
August 9, 2022
0

1inch Network price is trading inside a rising wedge pattern over the daily chart.1INCH crypto has recovered above 20 and...

Shiba Inu Price Analysis: SHIB Consolidates inside an Ascending Triangle, What about its Recovery?

Shiba Inu Price Analysis: SHIB Consolidates inside an Ascending Triangle, What about its Recovery?

by Antonio K Smith
August 9, 2022
0

Shiba Inu price is trying to surge through an ascending triangle pattern over the daily chart.The crypto asset has recovered...

Load More
  • Trending
  • Comments
  • Latest
charged-particle-backdrop

Charged Particles Helps in Making the Future of Nextgen NFTs

May 13, 2021
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
Powerledger

Powerledger is revolutionizing the world of energy

January 31, 2022
ETH

Ethereum Analysis: Ethereum Hits A New All-Time High of $1467; ETH On Longspan Bull Rally?

January 28, 2021
DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
DASH Price Analysis: Should You Invest in Dash Crypto or Not?

DASH Price Analysis: Should You Invest in Dash Crypto or Not?

August 9, 2022
Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

Basic Attention Token Price Analysis: BAT Bulls Trying to Sustain above Consolidation Phase

August 9, 2022
Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

Monero Price Analysis: Will XMR Maintain the Uptrend Momentum and its Recovery in this Channel?

August 9, 2022
1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

1inch Network Price Analysis: 1INCH Rising Through an Interesting Pattern, Know Whereabouts!

August 9, 2022
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?