Crypto Contest November 6: Steem
Steem has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Steem has completed the first impulsive rally from the November 3 low. The five wave rally ended on the November 5. The abc -correction from the November 5 peak could be complete or close to being complete. If this wave count is correct, Steem should be heading next towards the November 5 peak.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, Steem has most likely completed an ABC -correction from the July 19 peak. In the longer term, I believe Steem will heading towards the July 19 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Steem.
If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the November 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the November 3 low".
You can upvote the comment until 3 PM EST November 7 and you can upvote only one comment. 100% of Steem (26.870 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Steem will takeout the November 5 peak (8 voters as of 3 PM EST November 7: helikopterben, ezzy, jamesbrown, mattclarke, bleujay, mrlogic, anotherjoe, soundmoney).
You won.
Steem will drop below the November 3 low (4 voters as of 3 PM EST November 7: avarice, twinner, yefet, silentwitness).
Hello @maarnio,
It gives us pleasure to inform you that this post have been upvoted by Project Better.
The Mission of Project Better is to reward posts have many votes from Minnows but earn pennies.
Your payout is $0.008 before we vote on your post.
Learn more about the Project Better here! ,
Want to donate your voting power to support Project Better and earn curation rewards? Click Here!
We hope to see you continuing to post some great stuff on Steemit!
Good luck!
~BETTER~
Thank you for finding my post.
Steem will takeout the November 5 peak.
This post has been linked to from another place on Steem.
Learn more about and upvote to support linkback bot v0.5. Flag this comment if you don't want the bot to continue posting linkbacks for your posts.
Built by @ontofractal