Lisk (LSKETH) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmWF1GSwNRPj9J6q4bQENtHedeurzzSPoEAtHgbWVYLKrf)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, Lisk began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on August 8 this year. If this wave count is correct, Lisk should be heading next towards the December 26, 2017 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/Qmcaj9mNkk8p2eB6NvVgJojXCyr5qPMdMxCHbLaSt7hqJ9)

(*Chart courtesy of Tradingview.com (log scale)*)

Looking at the monthly chart, I believe Lisk is currently in the red wave three (blue sub-wave iii). The red wave three began in March 2017.
![nimetön3.png](https://ipfs.busy.org/ipfs/QmVr2ZhR4mizojHLR7zYWkB6NbN6KygZVShAfGJJwdxsgN)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

Lisk makes it easy for developers to build and deploy blockchain applications in JavaScript. You can view the official July Lisk Vlog below.

https://youtu.be/izI_05eaJuM

(*Sources: https://lisk.io/ and [YouTube](https://youtu.be/izI_05eaJuM)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will takeout the May 2018 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will drop below the August 2017 low".

If you think Lisk is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Lisk will stay in a trading range between the August 2017 low and the May 2018 peak until September 20".
![nimetön4.png](https://ipfs.busy.org/ipfs/QmNcrMuEvTqAMsk2UJ9jKoMDA2pJz9N2qaAS83rusR3sTK)

(*Chart courtesy of Tradingview.com (log scale)*)

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