Lisk got battered after re-branding event. It's is typical trader activity... sell the news. Lisk has been difficult to chart for months, notwithstanding the recent parabolic move up preceding the re-branding event, and subsequent sell off; but it was around this time last year that clear impulsive moves occurred, and Lisk 'changed category' so to speak. Now, it appears to be making much more discernible impulsive moves again. I've posted a lot of charts in the chat, on BTC
and a few other cryptos. I've charted with some success using a combo of fib arcs, EW and Gann
. It's a constant empirical experimentation process. But I've never felt ready to publish... Anyway. Thought I might start with this one... let's see how it plays out. Knowing Lisk, and past behaviour when it goes impulsive... it may put in some extended waves...
As always DYODD/DYOR (do your own due diligence/research). This is not professional advice. You know, risk and all that... the standard disclaimer. Charts present possibilities, not certainties.