Crypto Contest March 23: Centra

Centra (CTRBTC) 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, Centra began a wave one advance on December 13, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Centra should be heading next towards the January 4 peak in the red wave three.

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

Funnymentals

Centra offers products such as a wallet to store digital assets, a prepaid card to spend the digital assets, and three soon to be released products and services, which include a marketplace, a cryptocurrency exchange platform, and a open-source hyper speed DPoS blockchain. You can view the official introduction video below.

(Sources: https://centra.tech/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Centra will takeout the January 4 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Centra will drop below the December 13, 2017 low".

If you think Centra is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Centra will stay in a trading range between the December 13, 2017 low and the January 4 peak until April 28".

You can upvote the comment until 3 PM EST March 26 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.