Crypto Contest April 8: aelf

aelf (ELFBTC) 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, aelf began a wave one advance on December 21, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 25 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, aelf should be heading next towards the January 25 peak in the red wave three.

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

Funnymentals

ælf is a decentralized cloud computing blockchain platform. Crush Crypto published a good introduction to the project on January 9.

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

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will takeout the January 25 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will drop below the December 21, 2017 low".

If you think aelf is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "aelf will stay in a trading range between the December 21, 2017 low and the January 25 peak until May 14".

You can upvote the comment until 3 PM EST April 11 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.