Crypto Contest February 3: TenX
TenX (Bittrex: PAYUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TenX began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 21, and the red wave two (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, TenX should be heading next towards the January 21 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. You can view their latest Q&A stream below.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "TenX will takeout the January 21 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "TenX will drop below the January 10 low".
If you think TenX is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "TenX will stay in a trading range between the January 10 low and the January 21 peak until March 10".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST February 6 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
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Published by Maarnio
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TenX will stay in a trading range between the January 10 low and the January 21 peak until March 10 (19 voters as of 3 PM EST February 6: bleujay, bentleycapital, gregory-f, mellofello, abh12345, ace108, crokkon, allyouneedtoknow, soundmoney, kunschj, toofasteddie, mitrado, steem-d-anlovnit, jznsamuel, harryp3, sbcbot, mgood, fullcoverbetting, utkarshvarma).
You won. Paid out from @maarnio1
TenX will drop below the January 10 low (5 voters as of 3 PM EST February 6: sqlinsix, diana.feuerberg, skepticology, barbadosso, vicspics).
TenX will takeout the January 21 peak (5 voters as of 3 PM EST February 6: freiheit50, steemit.nemesis, reconnectnature, lydon.sipe, galasek).
Let's see the 10X happen all over the markets!! That's what really matters :D
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