LISK is trapped in a triangle

Gregor Horvat Wavetraders

LISK with ticker LSKUSD can be still finishing a larger ABCDE bullish triangle pattern, where final wave E can be searching for the support at the lower side of a triangle range, but keep in mind that bullish confirmation is only above 3,2 region. Of course, there’s also a possibility for a bearish triangle pattern in wave B before we will see another sell-off for wave C, but even in this case we can expect a recovery within subwave (E).

LSKUSD weekly count 1

LSKUSD weekly count 2

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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