Crypto Contest November 21: 1CRedit
1CRedit is breaking out of the four-hour wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe 1CRedit has completed five waves from the all time low. The wave five ended on the October 15, and the three wave correction finished on the November 17. If this wave count is correct, 1CRedit could be starting now a new five wave advance, which should take out the October 15 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long 1CRedit.
If you think this analysis is correct, upvote this post and upvote the comment "1CRedit will takeout the October 26 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "1CRedit will drop below the November 17 low".
You can upvote the comment until 3 PM EST November 22 and you can upvote only one comment. 100% of Steem (10.487 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
1CRedit will drop below the November 17 low (10 voters as of 3 PM EST November 22: me-tarzan, yefet, twinner, gregory-f, bitcoiner, jamesbrown, anotherjoe, inertia, fortinbuff, escapeamericanow).
You won.
1CRedit will takeout the October 26 peak (10 voters as of 3 PM EST November 22: bleujay, majes, landofcrypto, idnit, jdbry, digit, feelinggood, idnit1, mistere, mrfoot).
This post has been ranked within the top 80 most undervalued posts in the second half of Nov 21. We estimate that this post is undervalued by $5.83 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 21 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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man, your blog is useful to me more than you know! Thanks, @maarnio
I am glad that you like it.
1CRedit will drop below the November 17 low