Crypto Contest April 12: Lisk
Lisk has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Lisk began a wave one advance on March 1. The wave one finished on March 9, and the wave two correction ended on March 10. The wave three advance finished on March 21, and the wave four correction ended on April 6. If this wave count is correct, Lisk should be heading next towards the March 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Lisk will takeout the March 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lisk will drop below the April 6 low".
If you think Lisk is in a range, upvote this post and upvote the comment "Lisk will stay in a trading range between the April 6 low and the March 21 peak until May 7".
You can upvote the comment until 3 PM EST April 13 and you can upvote only one comment. 200% of Steem from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Lisk will takeout the March 21 peak (5 voters as of 3 PM EST April 13: anotherjoe, gregory-f, simonjay, coolthings, ragnaros).
takeout the March 21 peak
You won.
Lisk will drop below the April 6 low (6 voters as of 3 PM EST April 13: me-tarzan, allyouneedtoknow, yefet, cassidyandfrank, starline, avarice).
Lisk will stay in a trading range between the April 6 low and the March 21 peak until May 7 (3 voters as of 3 PM EST April 13: twinner, iflagtrash, mirda).