Crypto Contest January 29: Lisk

Lisk (LSKUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Lisk began a wave one advance on November 2, 2017. The red wave one finished on November 19, 2017, and the red wave two correction ended on December 8, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 7 this year, and the red wave four (blue sub-waves a-b-c) correction ended on January 17. If this wave count is correct, Lisk should be heading next towards the January 7 peak in the red wave five.

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

Looking at the weekly chart, Lisk is most likely in the red wave three (blue sub-wave iii). The blue sub-wave three began on November 2, 2017.

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

Funnymentals

Lisk is going to hold a relaunch event in Berlin on February 20.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will takeout the January 7 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 December 8, 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 December 8, 2017 low and the January 7 peak until March 1".

You can upvote the comment until 3 PM EST January 30 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).

Bonus

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