Crypto Contest July 20: Sylo
Sylo (KuCoin: SYLOUSDT) 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, SYLO began a leading diagonal red wave one advance on May 23. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 13, and the red wave two (blue sub-waves a-b-c) correction ended on July 15. If this wave count is correct, SYLO should be heading next towards the June 13 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Sylo is a decentralised network, protocol & communications platform. Bad Crypto interviewed Dorian Johannink, Sylo co-founder, back in May this year.
(Sources: https://www.sylo.io/)How Will Sylo Trade?
Sylo (KuCoin: SYLOUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
SYLO will takeout the June 13 peak
SYLO will drop below the May 23 low
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will drop below the May 23 low
Correct. Upvoted your comment:
https://steemit.com/blockchain/@hn13/qegxux
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will drop below the May 23 low
Correct. Upvoted your comment:
https://steemit.com/blockchain/@moneyandmoney/qemod9
SYLO will takeout the June 13 peak
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
SYLO will stay in a trading range between the May 23 low and the June 13 peak until August 25
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