rliebert

LSK/BTC looks ready to explode higher

Long
rliebert Updated   
POLONIEX:LSKBTC   Lisk / Bitcoin
Looks like a clear Elliott impulse wave pattern. Now on the 4th wave, which is a huge triangle currently tightening up. Volume has been trending lower since the end of the 3rd wave. Could indicate reduced supply from accumulation into strong hands. LSK to the moon!

After the 5th wave completes, look for a correction similar to the last large move up.
Comment:
Published another chart that shows that there is more uncertainty in this set-up.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.