Crypto Contest March 21: Ardor

Ardor (ARDRUSD) 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, Ardor began a wave one advance in October 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 3 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Ardor should be heading next towards the January 3 peak in the red wave three.

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

Funnymentals

Ardor platform is being advertised as Blockchain-as-a-Service for business. In this official introduction video you can find some more details about the platform.

(Sources: https://www.ardorplatform.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ardor will takeout the January 3 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ardor will drop below the July 16, 2017 low".

If you think Ardor is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ardor will stay in a trading range between the July 16, 2017 low and the January 3 peak until April 26".

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

You can upvote the comment until 3 PM EST March 24 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.