Lisk has not been able to break through the $8 resistance for a long while now, we have hit this mark around 3 times already and it seems to follow a pull back each time as there are too much sell orders being placed, because traders see it as an opportunity to take profit. However, once we do break through this psychological barrier (Which I believe will be the 4th or 5th run up) we could see Lisk being $10 -$15 in the medium term future.
Looking at the graph I have placed a date range of when this breakout could be achieved and it is either on the first resistance (Around 6 days time) or on the secondary resistance (Around 12 days and 6 hours). Follow the lines drawn and make trades accordingly. I am not advising you to buy or sell any tokens, you make your own decisions.
Keep in mind there is an upcoming project such as the SDK, which will attract a lot of attention.
- Orange - Resistance.
- Purple - Support.
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