Crypto Contest January 9: Lisk
Lisk has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Lisk is currently in the wave five in the 30 minutes chart. The wave one began on January 6, and ended on January 7. The wave two correction finished on January 8, and the wave three advance ended on January 8 at 0.000178990. The wave four correction could have ended today.
(Chart courtesy of Tradingview.com)
Looking at the one-hour chart, Lisk is currently most likely in the wave three. The wave one started on January 2, and finished on January 4. The wave two correction ended on January 6.
(Chart courtesy of Tradingview.com)
In the two-hour chart, Lisk began a wave one advance on December 28, 2016. The wave one ended on January 1, and the wave two correction finished on January 2. If this wave count is correct, I believe Lisk should be heading next towards the November 6, 2016 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Lisk.
If you think this analysis is correct, upvote this post and upvote the comment "Lisk will takeout the November 6, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lisk will drop below the December 28, 2016 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 December 28, 2016 low and the November 6, 2016 peak until February 6".
You can upvote the comment until 3 PM EST January 10 and you can upvote only one comment. 200% of Steem (2 X 3.604 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 November 6, 2016 peak (16 voters as of 3 PM EST January 10: bleujay, daveks, nextgen622, majes, digit, idnit, jdbry, bradenford, idnit1, soundmoney, idnit9, mrfoot, steemradio, legends, angels, tamersameeh).
Lisk will drop below the December 28, 2016 low (3 voters as of 3 PM EST January 10: gregory-f, matrixdweller, twinner).
Lisk will stay in a trading range between the December 28, 2016 low and the November 6, 2016 peak until February 6 (5 voters as of 3 PM EST January 10: yefet, anotherjoe, grildrig, jahtech, moondoge). moondoge has 25 reputation points.
The same
You won.
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