As you can see, from sub-wave 1 to 2 we had a bigger retracement, therefore, after we've reached Top of sub-wave 3, the retracement won't be much, maybe to 0.5 Ret maximum. The black dotted line will be important for the next moves. A strong resistance, will be hard to get through. Once we get there, we will have it as support and might be the target for sub-wave 4!
LSK will have a strong run, looks very good, also throughout the correction that we've had since December and January on many Alts. LSK had it few weeks later.
, and support looks good, we'll get pretty nice profits with this coin! Stay calm, do not get frustrated if BTC hurts Alts again, LSK is a strong coin and our Support isn't too far.
We'll break out of the triangle within the next hours or few days, I am very positive about this.
We are in the middle of wave 1 if we take a look at the bigger picture. Wave 2 might go to this black dotted line, time will tell. We will see! :)
I am not a professional trader, I learned a lot within the last months and try to help other people with my hard learned knowledge. Do not take this as financial advise
Either LSK breaks out with the third wave, or we go down to "IV" and go back up to 5 and break out then.
Let's see how BTC will develop, we can always fall through the triangle and go lower to test support, but there is no reason for that right now