Crypto Contest August 16: Lisk

Lisk (LSKETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Lisk began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on August 8 this year. If this wave count is correct, Lisk should be heading next towards the December 26, 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Looking at the monthly chart, I believe Lisk is currently in the red wave three (blue sub-wave iii). The red wave three began in March 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript. You can view the official July Lisk Vlog below.

(Sources: https://lisk.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will takeout the May 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will drop below the August 2017 low".

If you think Lisk is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will stay in a trading range between the August 2017 low and the May 2018 peak until September 20".

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST August 19 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.