✴️ Lisk To Enter A Multi-Year Long Bullish Cycle

Lisk (LSKUSDT) dropped by 94.22% from its May 2021 All-Time High. Seeing that this is a medium sized altcoin and well known project, we can say the bottom is in based on the fact that altcoins correct between 93 to 98% on their USDT pairs.

Additional signals support this finding.

We have an inverted hammer candlestick on the 19-Dec. week. This ihammer comes at a new low and supported by high volume.

Following this hammer we have two additional candles as consolidation and then the hammer signal is confirmed with a full green candle in early January and a break above EMA10.

The giant falling wedge is another bullish signal, the RSI is also strong.

All the signals support higher prices as well as the overall market action we've been seeing since 12-January when bullish momentum started to build up all-across.

Just a few more days until the next positive/bullish event... Let's wait and see how the market reacts but our bias stays the same... We are strongly bullish!

Thank you for reading.

Namaste.