Crypto Contest September 14: Decred
Decred (DCRBTC) 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, Decred began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, Decred should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Decred solves blockchain governance and rewards you for voting. BitBoy Crypto interviewed Marco Peereboom from Decred two weeks ago.
(Sources: https://www.decred.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will takeout the July 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will drop below the December 2017 low".
If you think Decred is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will stay in a trading range between the December 2017 low and the July 2018 peak until October 19".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 17 and you can upvote only one comment. 50% of liquid STEEM + 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 1
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Decred will stay in a trading range between the December 2017 low and the July 2018 peak until October 19 (19 voters as of 3 PM EST September 17: bleujay, bentleycapital, gregory-f, simonjay, jznsamuel, ace108, toofasteddie, yefet, starline, costanza, marverick984, chotho, punjolife, lucasgabd, dine77, mitrado, nzl19500, rothberg, coolthings).
You won. Paid out from @maarnio1
Decred will drop below the December 2017 low (12 voters as of 3 PM EST September 17: sqlinsix, skepticology, steemquestions, novus-locus, vicspics, milano1113, barbadosso, steemit.nemesis, amity123, pario, mike11, galasek).
Decred will takeout the July 2018 peak (12 voters as of 3 PM EST September 17: diana.feuerberg, abh12345, mellofello, kunschj, lydon.sipe, reconnectnature, techlife, biomanu, janine-ariane, fullcoverbetting, trincowski, sporttr).
This is a great project. And one of the coins that hold off the best in these markets.
My problem is, as @trincowski mentioned, these coin is holding quite well, but until when??
Nice to see you here! :-D
how long it will struggle before it will move out to its peak ? it seems that dcr is still jailed
Huh can't you see the chart or even understand it? As I see yesterday decred goes to +10% don't know where you saying came from.
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