Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
Hey
Ive seen a strange/funny pattern looking at ETH (before great pump) and LSK price charts concerning its ATH and ATL
Proportion between ATH and ATL price on ETH: 0.154
Proportion between ATH and ATL price on LSK: 0.153
Its pretty much the same, and for me its impressive (although maybe means nothing)
Despite I usually look at the fundamentals for investing and not technical analysis, I want to say this could mean two things:
Were in an optimal entry point price (considering the relation stated above)
LSK is about to explode in the coming months
Ive seen a strange/funny pattern looking at ETH (before great pump) and LSK price charts concerning its ATH and ATL
Proportion between ATH and ATL price on ETH: 0.154
Proportion between ATH and ATL price on LSK: 0.153
Its pretty much the same, and for me its impressive (although maybe means nothing)
Despite I usually look at the fundamentals for investing and not technical analysis, I want to say this could mean two things:
Were in an optimal entry point price (considering the relation stated above)
LSK is about to explode in the coming months
Lets see, the one big difference I see on the two graphs is volume - ETH maintained a lot of volume during the drop - For LSK volume seems to be dropping off. If the volume of LSK increases (which it may well do with feeback from Iconomi and Ark) then I can see on increase. If the volume drops further then maybe not. I'm still accumulating, I'd hope to see a bullish outbreak - but I think that will depend more on positive news from the dev team than technical analysis.