Crypto Contest May 27: Bluzelle

Bluzelle (BLZBTC) 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, Bluzelle began a wave one advance on March 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 23. If this wave count is correct, Bluzelle should be heading next towards the May 10 peak in the red wave three.

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

Funnymentals

Bluzelle is a decentralized, on-demand and scalable database service for dApps. BitCago Crypto covered the token on May 21.

(Sources: https://bluzelle.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bluzelle will takeout the May 10 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bluzelle will drop below the March 9 low".

If you think Bluzelle is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bluzelle will stay in a trading range between the March 9 low and the May 10 peak until July 2".

You can upvote the comment until 3 PM EST May 30 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.