Crypto Contest February 6: Status

Status (SNTBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Status began a wave one advance on December 8, 2017. The red wave one finished on December 20, 2017, and the red wave two correction ended on December 27, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 4 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 2. If this wave count is correct, Status should be heading next towards the January 4 peak in the red wave five.

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

Funnymentals

Here is the latest Status Town Hall dated February 5, 2018. Topics include:

team growth, marketing plans, swarm’s on critical bath to Beta and Mainnet, new UI and app restructuring, Open Bounty, and some exciting research in progress.

(Sources: https://status.im/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Status will takeout the January 4 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Status will drop below the December 27, 2017 low".

If you think Status is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Status will stay in a trading range between the December 27, 2017 low and the January 4 peak until March 9".

You can upvote the comment until 3 PM EST February 7 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus

I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.