Crypto Contest December 4: Lisk
Lisk (LISKUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Lisk began a wave one advance on November 2. The red wave one (blue sub-waves i-ii-iii-iv-v) advance finished on November 19, and the red wave two (blue sub-waves a-b-c) correction ended on November 29. If this wave count is correct, Lisk should be heading next towards the November 19 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the waves even better in the line chart.
(Chart courtesy of Tradingview.com)
In the weekly chart, I believe Lisk is currently in the red wave three (blue sub-wave iii). The blue sub-wave iii began on November 2.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
You can find a key date for Lisk at the end of this video. This video was made by Crypto Love on November 22.
(Source: YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Lisk will takeout the November 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lisk will drop below the November 2 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 November 2 low and the November 19 peak until January 4, 2018".
You can upvote the comment until 3 PM EST December 5 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Lisk will stay in a trading range between the November 2 low and the November 19 peak until January 4, 2018 (28 voters as of 3 PM EST December 5: bleujay, freiheit50, me-tarzan, bentleycapital, flemingfarm, simonjay, sanjay91422, gregory-f, lucasgabd, glennolua, dlina-v-metrah, tzap90, starline, komischername, heroic15397, mirda, coolthings, freskil, ahinga, cassidyandfranks, carlosdaniel, richard78624, andy23, yefet, ragnaros, koskl, huasipi, godo).
Lisk will takeout the November 19 peak (26 voters as of 3 PM EST December 5: cryptotem, otisbrown, allyouneedtoknow, eirik, lydon.sipe, soundmoney, abh12345, psywalker, crokkon, criptorafa, osmanbugra, reconnectnature, tzap90, digitalking, catena, toofasteddie, kanoe, mihail.tsvetkov, me-do, napkin, margaritaradkova, amfid4846, heidelbaer, wallsnow, incrediblesnow, sweethoney).
You won.
Lisk will drop below the November 2 low (4 voters as of 3 PM EST December 5: lemoneequeen, jznsamuel, gunsmithing, kota17).
good post
Thank you beautypics.
Nice post! I upvoted and followed you. Can you check my last blog post about crypto: https://steemit.com/cryptocurrency/@cryptoizotx/crypto-market-sentiment-update-december-4-2017 ?
You posted the same response elsewhere and you're not following either of them.
thanks for your post