Crypto Contest January 27: Dash
Dash has broken out of the pennant pattern in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Dash began a five wave advance on December 23, 2016 in the daily chart. The wave one (sub-waves i-v) ended on January 20, and the wave two (sub-waves abc) finished on January 24. I believe Dash is currently in the wave three, which should takeout the October 6, 2016 peak.
(Chart courtesy of Tradingview.com)
Daily chart with the October 6, 2016 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Dash from here:
https://steemit.com/dash/@maarnio/crypto-contest-january-4-dash
Disclosure: I am/we are long Dash.
If you think this analysis is correct, upvote this post and upvote the comment "Dash will takeout the October 6, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the December 23, 2016 low".
If you think Dash is in a range, upvote this post and upvote the comment "Dash will stay in a trading range between the December 23, 2016 low and the October 6, 2016 peak until February 24".
You can upvote the comment until 3 PM EST January 28 and you can upvote only one comment. 200% of Steem (2 X 0.256 STEEM) 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.
Dash will stay in a trading range between the December 23, 2016 low and the October 6, 2016 peak until February 24 (34 voters as of 3 PM EST January 28: helikopterben, xeroc, anonymous, rossco99, twinner, spinbunny, boatymcboatface, blakemiles84, hello, fufubar1, pairmike, world, l0k1, wingz, theshell, skapaneas, gomeravibz, jphenderson, breezin, tracemayer, bitcoiner, albertogm, bkkshadow, phenom, michaelx, raymondspeaks, bitjunkie, nulliusinverba, ianboil, cmorton, steemradio, tamersameeh, cryptojoy.com, bigsambucca).
Great analysis post!
Thank you bitjunkie.
Hmm... yeah I think it might take a while :P
Dash will takeout the October 6, 2016 peak (11 voters as of 3 PM EST January 28: otisbrown, bleujay, gregory-f, yefet, dennygalindo, anotherjoe, bidnat, gduran, soundmoney, jahtech, mirda).
Takeout
So buy more Dash?
You won.
Dash will drop below the December 23, 2016 low (2 voters as of 3 PM EST January 28: me-tarzan, kennyskitchen).
This post has been ranked within the top 80 most undervalued posts in the first half of Jan 27. We estimate that this post is undervalued by $3.31 as compared to a scenario in which every voter had an equal say.
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Interesting analysis. Relinked in "Trade_ideas" on Steemit.chat.
Thank you ego.