Crypto Contest June 10: Ambrosus
Ambrosus (AMBUSD) 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, Ambrosus began a wave one advance on April 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 4, and the red wave two (blue sub-waves a-b-c) correction ended on May 29. If this wave count is correct, Ambrosus should be heading next towards the May 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Ambrosus is currently in the red wave three (blue sub-wave iii). The red wave three began on April 1.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ambrosus is a supply chain project. Cryptolite published a token review on May 31.
(Sources: https://ambrosus.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ambrosus will takeout the May 4 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ambrosus will drop below the April 1 low".
If you think Ambrosus is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ambrosus will stay in a trading range between the April 1 low and the May 4 peak until July 16".
You can upvote the comment until 3 PM EST June 13 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.
Ambrosus will takeout the May 4 peak (11 voters as of 3 PM EST June 13: bleujay, lydon.sipe, bentleycapital, positivebalances, komischername, steemit.nemesis, koskl, portillo, sporttr, mihail.tsvetkov, cosminblaga).
Ambrosus will stay in a trading range between the April 1 low and the May 4 peak until July 16 (32 voters as of 3 PM EST June 13: gregory-f, skepticology, soundmoney, simonjay, allyouneedtoknow, steem-d-anlovnit, jznsamuel, crokkon, misalen, revelationquotes, starline, kunschj, lucasgabd, costanza, cryptotem, diogosantos, rothberg, nicolaepavelean, toofasteddie, mirda, liberton, galasek, richard78624, what-is-life, ragnaros, amity123, mike11, andy23, stalexmkl, karadere, utkarshvarma, photoquote).
Ambrosus will drop below the April 1 low (15 voters as of 3 PM EST June 13: sqlinsix, glennolua, freiheit50, flemingfarm, mgood, vicspics, barbadosso, reconnectnature, jlordc, milano1113, coolthings, nordina, marverick984, mitrado, funnel).
You won.
Go here https://steemit.com/@a-a-a to get your post resteemed to over 72,000 followers.
Good anakysis dear