Crypto Contest January 27: Pal Network
Pal Network (Bittrex: PALBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Pal Network began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 25 this year. If this wave count is correct, Pal Network should be heading next towards the December 28, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pal Network is decentralizing insurance. BlockchainBrad interviewed the CEO back in November 2018.
(Sources: Pal Network and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will takeout the December 28, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will drop below the November 25, 2018 low".
If you think Pal Network is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Pal Network will stay in a trading range between the November 25, 2018 low and the December 28, 2018 peak until March 3".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 30 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).
Bonus 1
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Published by Maarnio
on
Pal Network will stay in a trading range between the November 25, 2018 low and the December 28, 2018 peak until March 3 (17 voters as of 3 PM EST January 30: bleujay, bentleycapital, gregory-f, mellofello, allyouneedtoknow, diana.feuerberg, novus-locus, toofasteddie, tzap90, kunschj, jznsamuel, steem-d-anlovnit, mgood, harryp3, fullcoverbetting, utkarshvarma, simonjay).
Pal Network will drop below the November 25, 2018 low (10 voters as of 3 PM EST January 30: sqlinsix, freiheit50, sciencevienna, skepticology, vicspics, reconnectnature, barbadosso, lydon.sipe, mitrado, galasek).
You won. Paid out from @maarnio1
Pal Network will takeout the December 28, 2018 peak (2 voters as of 3 PM EST January 30: steemit.nemesis, ace108).
Congratulations @maarnio! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPHi, @maarnio!
You just got a 0.48% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Hi @maarnio!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.854 which ranks you at #1281 across all Steem accounts.
Your rank has dropped 1 places in the last three days (old rank 1280).
In our last Algorithmic Curation Round, consisting of 220 contributions, your post is ranked at #50.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server