Here is why I use Elliott Wave and Chart Patern and not just one or the other. This chart is a little busy with labels, but let me take you through it.
LISK is displaying a very nice, almost done, Head and Shoulders Bullish Bottom pattern. It has two Left Shoulders (LS-1, LS-2). The Head is split (H1, H2) and the Right Shoulders are almost done (RS-1 and RS-2). Very pretty looking! The symmetry of doubles in shoulders and head is a beauty to behold! I've drawn out the probable pathway the second Right Shoulder (RS-2) could complete and once prices bust above the Neck Line, it should start rising convincingly.
Now, the Elliott Waves abc (large red) fnished nicely resulting in a rise with waves i,ii,iii,iv and v. So, the abc (small red) correction coincides with the forming of the second Right Shoulder (RS-2)....I don't think this is a coincidence. The minmum target is $9.30 and it will most likely be exceeded.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Beauty. Any update on DGB?
Here is an update for DGB, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/digibyte-dgb-update-on-wave-iii
Wait till that SDK comes out, the technical analysis will not even matter! :D Thanks for the post, upvoted.
Thanks for the information! What do you use to chart the price relative to USD? Exchanges usually pair with BTC.
Bitfinex