Crypto Contest April 11: Clams
Clams has broken out of the triangle pattern in the one-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Clams began a wave one advance on March 1. The wave one finished on March 19, and the wave two correction ended on March 27. The wave three advance finished on April 5, and the wave four correction ended on April 9. If this wave count is correct, Clams should be heading next towards the April 5 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, I believe Clams is currently in the wave three. The wave one began in October 2014, and finished in August 2015. The wave two correction ended on March 1 this year.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Clams will takeout the April 5 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Clams will drop below the March 27 low".
If you think Clams is in a range, upvote this post and upvote the comment "Clams will stay in a trading range between the March 27 low and the April 5 peak until May 6".
You can upvote the comment until 3 PM EST April 12 and you can upvote only one comment. 200% of Steem from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Clams will takeout the April 5 peak (4 voters as of 3 PM EST April 12: otisbrown, anotherjoe, gregory-f, coolthings).
You won.
Clams will stay in a trading range between the March 27 low and the April 5 peak until May 6 (7 voters as of 3 PM EST April 12: bleujay, twinner, spinbunny, iflagtrash, yefet, mirda, ragnaros).
Clams will drop below the March 27 low (2 voters as of 3 PM EST April 12: me-tarzan, starline).
This post has been ranked within the top 80 most undervalued posts in the second half of Apr 11. We estimate that this post is undervalued by $0.40 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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