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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Hmmm no prediction for uptrend level?
DOESN'T TAKE A ROCKET SCIENTIST TO FIGURE THIS OUT!!!
You are just better off buying BITCOIN & HODL.
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Please do an analysis on NEO!
i can see a bounce, but can a reversal really happen if BTC is still in bear mode?
Very Good.
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To be fair Haejin you have been saying a trend reversal is likely in a few days, every day for weeks and weeks.
You are like the Gold and Silver forecasters who have been saying for 7 years; "Silver will explode soon!" and it has only went down really every year.
My point is: If you say "trend will reverse soon!" every day, you will most likely be right one day, and that is not a good analyst, just someone who is taking advantage of human's short memories.