Crypto Contest March 2: Basic Attention Token
Basic Attention Token (Bittrex: BATBTC) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BAT began a wave one advance in September 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in November 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, BAT should be heading next towards the November 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe BAT is currently in the red wave three (blue sub-wave iii). The red wave three began in September 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Basic Attention Token is a token for the digital advertising industry. Crypto Traders covered the token four days ago.
(Sources: Basic Attention Token and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "BAT will takeout the November 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "BAT will drop below the September 2018 low".
If you think BAT is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "BAT will stay in a trading range between the September 2018 low and the November 2018 peak until April 6".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST March 5 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
I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card 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.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
BAT will takeout the November 2018 peak (16 voters as of 3 PM EST March 5: bleujay, bentleycapital, gregory-f, barbadosso, steemit.nemesis, harryp3, toofasteddie, crokkon, utkarshvarma, kunschj, ace108, mitrado, bitbrain, galasek, richard78624, simonjay).
Good to see so many bullish voters! Market sentiment is getting very positive again...
You won. Paid out from @maarnio1
BAT will stay in a trading range between the September 2018 low and the November 2018 peak until April 6 (10 voters as of 3 PM EST March 5: diana.feuerberg, mellofello, abh12345, skepticology, allyouneedtoknow, vicspics, steem-d-anlovnit, jznsamuel, mgood, diogosantos).
BAT will drop below the September 2018 low (2 voters as of 3 PM EST March 5: freiheit50, sporttr).
Hi, @maarnio!
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