Crypto Contest June 2: aelf

aelf (ELFUSD) 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, aelf began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 1, and the red wave two (blue sub-waves a-b-c) correction ended on May 29. If this wave count is correct, aelf should be heading next towards the May 1 peak in the red wave three.

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

Funnymentals

aelf is a decentralized self-evolving cloud computing network. Cryptobud reviewed the project on May 14.

(Sources: https://aelf.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will takeout the May 1 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will drop below the March 18 low".

If you think aelf is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will stay in a trading range between the March 18 low and the May 1 peak until July 8".

You can upvote the comment until 3 PM EST June 5 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 (@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.