Crypto Contest November 12: Dash
Dash has broken the trend line drawn from the October 6 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Dash has completed one cycle from the June 25 low. The five wave advance finished on the August 14, and the three wave correction ended on the October 29. If this wave count is correct, Dash should be heading next towards the August 14 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Dash is currently most likely in the wave three (sub-wave iii). The wave one started in the February 2014, and finished in the May 2014. The wave two correction ended in the August 2014.
(Chart courtesy of Tradingview.com)
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 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the October 29 low".
You can upvote the comment until 3 PM EST November 13 and you can upvote only one comment. 100% of Steem (10.553 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Dash will takeout the October 6 peak (10 voters as of 3 PM EST November 13: bleujay, slider2990, yefet, gregory-f, jamesbrown, anotherjoe, inertia, andre-ager, fortinbuff, escapeamericanow).
Dash will drop below the October 29 low (9 voters as of 3 PM EST November 13: majes, twinner, landofcrypto, feelinggood, digit, idnit1, mistere, maxedoutstats, mrfoot).
This post has been ranked within the top 25 most undervalued posts in the first half of Nov 12. We estimate that this post is undervalued by $8.17 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 12 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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