Lisk/BTC ascending triangle

12 Sep 2017

It looks to me like Lisk is forming an ascending triangle, getting ready to move up. I think we've complete two waves of a five wave impulse sequence. I'm waiting until it breaks a new high out of the triangle pattern, I think this would indicate a good probability of a strong bullish impulse. Target 1 is based on a ratio from the previous move last spring. The risk:reward isn't great, but it seems like a safe bet and is better than break even, mostly using it for cover for a higher target since I like to trail my stops.