Crypto Contest October 19: Lisk

in #lisk8 years ago (edited)

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

nimet_n.png

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, Lisk began a wave one advance on July 16. The wave one finished on July 25, and the wave two correction ended on August 1. The wave three advance finished on September 1, and the wave four correction ended on September 15. If this wave count is correct, Lisk should be heading next towards the September 1 peak in the wave five.

nimet_n.png

(Chart courtesy of Tradingview.com)

Looking at the weekly chart, I believe Lisk is currently in the red wave three (blue sub-wave v).

nimet_n.png

(Chart courtesy of Tradingview.com)

maarnio.png

If you think this analysis is correct, upvote this post and upvote the comment "Lisk will takeout the September 1 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Lisk will drop below the August 1 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 August 1 low and the September 1 peak until November 19".

You can upvote the comment until 3 PM EST October 20 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).

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Lisk will takeout the September 1 peak (14 voters as of 3 PM EST October 20: bleujay, otisbrown, bentleycapital, gregory-f, damla, catena, kooshikoo, crokkon, digitalking, yefet, cassidyandfranks, amfid4846, barcalogia, incrediblesnow).

Lisk will stay in a trading range between the August 1 low and the September 1 peak until November 19 (30 voters as of 3 PM EST October 20: glennolua, twinner, ace108, kunschj, flemingfarm, lucasgabd, simonjay, misalen, miniature-tiger, eirik, psywalker, themovieplace, starline, tzap90, jznsamuel, abh12345, mirda, mprgrmmr, heroic15397, ahinga, osmanbugra, carlosdaniel, ragnaros, andy23, allmonitors, richard78624, kryptofan, wallsnow, mihail.tsvetkov, me-do).

Lisk will drop below the August 1 low (1 voter as of 3 PM EST October 20: gunsmithing).

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Lisk will drop below the August 1 low

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