Crypto Contest November 11: Clams
Clams has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Clams has completed one cycle from the June 17 low. The five wave advance ended on the September 9, and the three wave correction finished on the November 1. If this wave count is correct, Clams should be heading next towards the September 9 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Clams has most likely completed one cycle from the November 2014 low. The five wave advance finished in the August 2015, and the three wave correction ended on the June 17. If this wave count is correct, Clams should be heading next towards the August 2015 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Clams.
If you think this analysis is correct, upvote this post and upvote the comment "Clams will takeout the October 20 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Clams will drop below the November 1 low".
You can upvote the comment until 3 PM EST November 12 and you can upvote only one comment. 100% of Steem (0.416 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Clams will takeout the October 20 peak (16 voters as of 3 PM EST November 12: bleujay, gregory-f, twinner, majes, jamesbrown, anotherjoe, inertia, idnit, jdbry, digit, mistere, idnit1, fortinbuff, adelja, escapeamericanow, mrfoot).
Clams will drop below the November 1 low (3 voters as of 3 PM EST November 12: me-tarzan, yefet, feelinggood).
Thank you for posting and for the opportunity to participate @maarnio.
Gave you a mention over @bleujay.
Thank you for your support....it is appreciated.
Thank you bleujay. It has been my pleasure.
Clams will takeout the October 20 peak