LISK (LSK) Technical Analysis: MACD & Elliott Waves Project a Trend Reversal to be Likely in the Next Few Days
SUMMARY
LISK (LSK) completed an impulsive motive of five waves (white). The correction has been sideways, though the range has been broad. The blue WXY labels thus far suffice and the subwaves also add up. However, the price waves can morph and extend into the triple complex. The MACD also shows an oversold state that is getting deeper. This level of oversold condition is often not sustainable and would likely lead to a trend reversal or a sizable bounce.
The finer subwave counts show that blue W and X are complete and Z is near complete as shown by the abc (red) and wave c's subwaves 1,2,3,4,5. The terminal end of wave Z is where a strong horizontal support zone lies. All waves seem near completion and so either overnight or tomorrow, a reversal of some type is expected.
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i can see a bounce, but can a reversal really happen if BTC is still in bear mode?
look close with an open mind with what these people are doing with open source smart contracts and passive income.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e
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Hmmm no prediction for uptrend level?
DOESN'T TAKE A ROCKET SCIENTIST TO FIGURE THIS OUT!!!
You are just better off buying BITCOIN & HODL.
@Haejin just wants your UPVOTES.
He don't care if you make any money on Crypto.
Follow back
ARE YOU HERE? @Haejin just wants your UPVOTES.
He don't care if you make any money on Crypto.
Please do an analysis on NEO!
Very Good.
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