Crypto Contest May 19: CLAMS
CLAMS has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, CLAMS began a wave one advance on April 25. The wave one finished on May 1, and the wave two correction ended later on the same day. The wave three advance finished on May 7, and the wave four correction ended on May 11. If this wave count is correct, CLAMS should be heading next towards the May 7 peak in the wave five.
(Chart courtesy of Tradingview.com)
Looking at the daily chart, I believe CLAMS is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "CLAMS will takeout the May 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "CLAMS will drop below the May 1 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 May 1 low and the May 7 peak until June 14".
You can upvote the comment until 3 PM EST May 20 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). Only participants with a Reputation of 35 or more will qualify in the contest.
CLAMS will takeout the May 7 peak (16 voters as of 3 PM EST May 20: bleujay, otisbrown, gregory-f, simonjay, kooshikoo, steemquestions, sqlinsix, soundmoney, starline, eirik, arnel, mprgrmmr, ragnaros, antonyip, cata22, koko).
Upvoted this comment!
Best of luck!
Upvoted your post and upvoted this comment. Happy trading!
Thank you Arnel.
CLAMS will takeout the May 7 peak.So I voted
BUY Crypto, SELL the US toilet paper dollar!
The dollar will begin its 18 year cycle with a 9 year downturn period to the eurocurrencies as it always has done. This will probably be very bullish for precious metals as well.
Check out this post for more on the cycles of weakening US dollar and the current state of the dollar.
https://steemit.com/dollar/@sjovmaiin/the-coming-fall-of-the-us-dollar
CLAMS will stay in a trading range between the May 1 low and the May 7 peak until June 14 (8 voters as of 3 PM EST May 20: halo, twinner, yefet, daniel.dalo, avarice, mirda, coolthings, abh12345).
You won.
CLAMS will drop below the May 1 low (3 voters as of 3 PM EST May 20: me-tarzan, ikilledcobain, andy23).