Crypto Contest May 2: Lambda
Lambda (Huobi: LAMBBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Lambda began a wave one advance on December 29, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 25 this year, and the red wave two correction ended on April 4. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on April 12, and the red wave four correction ended on May 1. If this wave count is correct, Lambda should be heading next towards the April 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs) data storage capabilities. Blockchain Brad interviewed the CMO late last year.
How can I vote? Where is the contest?
You can vote by following this link.
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