Crypto Contest April 21: Decred
Decred (DCRUSD) 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, Decred began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, Decred should be heading next towards the January 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Decred was built to be decentralized, sustainable, & self-ruling where stakeholders make the rules. Crypto Coin Growth published a video three days ago with the latest news and what to expect.
(Sources: https://www.decred.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will drop below the April 1 low".
If you think Decred is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Decred will stay in a trading range between the April 1 low and the January 5 peak until May 27".
You can upvote the comment until 3 PM EST April 24 and you can upvote only one comment. 50% of 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
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.
Decred will stay in a trading range between the April 1 low and the January 5 peak until May 27 (42 voters as of 3 PM EST April 24: helikopterben, positivebalances, gregory-f, simonjay, revelationquotes, abh12345, dlina-v-metrah, rothberg, vicspics, mgood, cryptotem, ahinga, komischername, starline, toofasteddie, abhicrypto, koskl, diogosantos, qmarpot, mirda, nicolaepavelean, steem-d-anlovnit, flemingfarm, yefet, allmonitors, richard78624, poti, mike11, portillo, mihail.tsvetkov, amity123, marverick984, neo-wiza, stalexmkl, cmoljoe, andy23, biomanu, techlife, pario, easymoney202, lasper, borban).
Decred will takeout the January 5 peak (27 voters as of 3 PM EST April 24: bleujay, lydon.sipe, sanjay91422, glennolua, allyouneedtoknow, me-do, reconnectnature, bentleycapital, jznsamuel, fitinfun, misalen, crokkon, bxlphabet, themovieplace, tzap90, costanza, kunschj, coolthings, nordina, galasek, harryp3, criptorafa, cosminblaga, utkarshvarma, chotho, sandeei, photoquote).
Decred will drop below the April 1 low (12 voters as of 3 PM EST April 24: sqlinsix, skepticology, steemit.nemesis, barbadosso, cryptictruth, libert, giddyupngo, photo-moment, punjolife, jozef230, helex, ragnaros).
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