Crypto Contest December 3: Cardano
Ada (ADABTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Ada began a wave one advance on November 5. The wave one advance finished on November 9, and the wave two correction ended on November 17. The wave three advance finished on November 28, and the wave four correction ended on November 29. If this wave count is correct, Ada should be heading next towards the November 28 peak in the wave five.
(Chart courtesy of Tradingview.com)
Funnymentals
Here is an "introduction" video of Cardano by David Hay published on November 15.
(Source: YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Ada will takeout the November 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ada will drop below the November 17 low".
If you think Ada is in a range, upvote this post and upvote the comment "Ada will stay in a trading range between the November 17 low and the November 28 peak until January 3, 2018".
You can upvote the comment until 3 PM EST December 4 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).
Ada will stay in a trading range between the November 17 low and the November 28 peak until January 3, 2018 (24 voters as of 3 PM EST December 4: helikopterben, lydon.sipe, soundmoney, nomadics, twinner, simonjay, gregory-f, glennolua, lasper, mprgrmmr, catena, starline, coolthings, mirda, freskil, ahinga, kanoe, richard78624, carlosdaniel, ragnaros, yefet, andy23, amfid4846, koskl).
I am for range :)
Ada will takeout the November 28 peak (26 voters as of 3 PM EST December 4: bleujay, bentleycapital, eirik, flemingfarm, criptorafa, reconnectnature, abh12345, lucasgabd, toofasteddie, osmerj, miniature-tiger, tzap90, jznsamuel, komischername, heroic15397, kunschj, cassidyandfranks, mihail.tsvetkov, me-do, elisablogs, oscarcc89, napkin, margaritaradkova, m3rcos1ty, godo, incrediblesnow).
You won.
Ada will drop below the November 17 low (5 voters as of 3 PM EST December 4: dlina-v-metrah, crokkon, digitalking, gunsmithing, sevinwilson).
Nice post! I upvoted and followed you. Can you check my last blog post about crypto: https://steemit.com/cryptocurrency/@cryptoizotx/crypto-market-sentiment-update-december-3-2017 ?
Good post👍👍👍