Crypto Contest July 31: Lisk
Lisk has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Lisk began a wave one advance on March 2. The wave one finished on May 1, and the wave two correction ended on May 9. The wave three advance finished on June 10, and the wave four correction ended on July 10. If this wave count is correct, Lisk should be heading next towards the June 10 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Lisk will takeout the June 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lisk will drop below the May 9 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 May 9 low and the June 10 peak until August 31".
You can upvote the comment until 3 PM EST August 1 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Lisk will stay in a trading range between the May 9 low and the June 10 peak until August 31 (18 voters as of 3 PM EST August 1: freiheit50, landofcrypto, twinner, tzap90, steemit.nemesis, rokasltu, starline, flemingfarm, libert, lucasgabd, coolthings, psilacetin, miniature-tiger, ragnaros, c-c-c, andy23, lakov, vermute).
Lisk will takeout the June 10 peak (25 voters as of 3 PM EST August 1: simonjay, yefet, gregory-f, steem-buzz, lydon.sipe, daniel.dalo, ahinga, highwave, dirty.hera, cassidyandfranks, skririm, rhino, mirda, anetchen, point, angelgarz, allmonitors, eirik, sanjay91422, mprgrmmr, carlosdaniel, wallsnow, mela, lig007, me-do).
I'll go with this one :)
Well done.
You won.
Lisk will drop below the May 9 low (8 voters as of 3 PM EST August 1: ace108, natra, osmanbugra, damla, jznsamuel, abh12345, digitalking, d-matteo).
If we pair the technical analysis with fundamental analysis what's the Outlook for Lisk?
Even better!
So the results of the contest will come after 31st August, on 1st sep?
Yes. That is correct.
Congratulations @maarnio! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @maarnio! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP