Crypto Contest May 1: ChainLink
ChainLink (LINKUSD) 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, ChainLink began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, ChainLink should be heading next towards the January 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ChainLink is connecting leading data providers, payments providers, and various APIs to smart contracts. Cryptolite published a coin review about ChainLink on March 15.
(Sources: https://www.smartcontract.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ChainLink will takeout the January 8 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ChainLink will drop below the April 1 low".
If you think ChainLink is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ChainLink will stay in a trading range between the April 1 low and the January 8 peak until June 6".
You can upvote the comment until 3 PM EST May 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).
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.
ChainLink will stay in a trading range between the April 1 low and the January 8 peak until June 6 (39 voters as of 3 PM EST May 4: helikopterben, gregory-f, revelationquotes, soundmoney, glennolua, simonjay, misalen, flemingfarm, crokkon, vicspics, mgood, reconnectnature, steemit.nemesis, komischername, starline, toofasteddie, rothberg, lucasgabd, diogosantos, koskl, nicolaepavelean, mirda, steem-d-anlovnit, richard78624, portillo, tspink, jozef230, utkarshvarma, coolthings, andy23, harryp3, criptorafa, ragnaros, ahinga, cmoljoe, neo-wiza, askeb, lasper, cata22).
ChainLink will takeout the January 8 peak (22 voters as of 3 PM EST May 4: bleujay, lydon.sipe, bentleycapital, fitinfun, bxlphabet, allyouneedtoknow, ace108, me-do, jznsamuel, cryptotem, libert, carlosdaniel, qmarpot, kunschj, nordina, mihail.tsvetkov, cosminblaga, easymoney202, heidelbaer, sandeei, photoquote, elisablogs).
ChainLink will drop below the April 1 low (10 voters as of 3 PM EST May 4: sqlinsix, skepticology, shaunf, barbadosso, poti, faroel, photo-moment, stalexmkl, galasek, gunsmithing).
Both me and you wrote post about link in same time :)
https://steemit.com/cryptocurrency/@cryptoewp/link-btc-price-breakout-from-h-and-s-pattern
Have a nice day my friend
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