Lisk (Bittrex: 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, LSK began a wave one advance on December 18, 2019. The red wave one finished on December 23, 2019, and the red wave two correction ended on January 2 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on February 10, and the red wave four (blue sub-waves a-b-c) correction ended on February 22. If this wave count is correct, LSK should be heading next towards the February 10 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe LSK is currently in the red wave three. The red wave three began on December 18, 2019.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Lisk is a blockchain application platform that enables developers to build blockchain applications written in JavaScript. Coin Bureau reviewed the project back in July 2019.
(Sources: https://lisk.io/)How Will Lisk Trade?
Lisk (Bittrex: LSKUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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