Crypto Contest October 7: District0x
District0x (DNTUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, District0x began a wave one advance on August 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 21, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, District0x should be heading next towards the August 21 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can find the same Elliott Waves in the line chart even more clearly.
(Chart courtesy of Tradingview.com)
I believe DNTBTC has the same wave count also.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "District0x will takeout the August 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "District0x will drop below the August 9 low".
If you think District0x is in a range, upvote this post and upvote the comment "District0x will stay in a trading range between the August 9 low and the August 21 peak until November 7".
You can upvote the comment until 3 PM EST October 8 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).
District0x will stay in a trading range between the August 9 low and the August 21 peak until November 7 (30 voters as of 3 PM EST October 8: bentleycapital, allyouneedtoknow, twinner, lucasgabd, flemingfarm, simonjay, me-tarzan, catena, themovieplace, starline, misalen, reconnectnature, osmanbugra, komischername, abh12345, mirda, mprgrmmr, ahinga, ragnaros, carlosdaniel, allmonitors, napkin, heroic15397, andy23, richard78624, amfid4846, abay, mnrdev, mihail.tsvetkov, me-do).
Thanks for the nice chart @ maarnio
Thank you mnrdev. Please remember to vote the main post.
You won.
District0x will drop below the August 9 low (12 voters as of 3 PM EST October 8: freiheit50, ace108, steemit.nemesis, jznsamuel, lemoneequeen, tzap90, coolthings, incrediblesnow, digitalking, gunsmithing, barcalogia, sweethoney).
District0x will takeout the August 21 peak (8 voters as of 3 PM EST October 8: otisbrown, libert, lydon.sipe, eirik, crokkon, cassidyandfranks, evernoticethat, plumygg).
This post has been ranked within the top 80 most undervalued posts in the second half of Oct 07. We estimate that this post is undervalued by $11.09 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 07 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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