Crypto Contest March 10: Storj

Storj (STORJUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Storj began a wave one advance on October 23, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Storj should be heading next towards the January 9 peak in the red wave three.

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

Looking at the weekly chart, I believe Storj is currently in the red wave three (blue sub-wave iii). The red wave three began on October 23, 2017.

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

Funnymentals

Storj is an open source decentralized cloud storage platform where anyone can sell their extra hard drive space for STORJ tokens. Here is their latest Town Hall Meeting Q1 2018. The meeting was held on February 27.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Storj will takeout the January 9 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Storj will drop below the October 23, 2017 low".

If you think Storj is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Storj will stay in a trading range between the October 23, 2017 low and the January 9 peak until April 15".

You can upvote the comment until 3 PM EST March 13 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.