Crypto Contest July 30: Decred
Decred has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Decred began a wave one advance on January 2. The wave one (sub-waves i-v) finished on June 18, and the wave two (sub-waves a-b-c) correction ended on July 28. If this wave count is correct, Decred should be heading next towards the June 18 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Decred will takeout the June 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Decred will drop below the January 2 low".
If you think Decred is in a range, upvote this post and upvote the comment "Decred will stay in a trading range between the January 2 low and the June 18 peak until August 30".
You can upvote the comment until 3 PM EST July 31 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Decred will stay in a trading range between the January 2 low and the June 18 peak until August 30 (28 voters as of 3 PM EST July 31: bleujay, twinner, simonjay, soundmoney, steem-buzz, tzap90, me-tarzan, cassidyandfranks, steemit.nemesis, starline, flemingfarm, lucasgabd, mirda, catena, allmonitors, psilacetin, miniature-tiger, jznsamuel, ragnaros, abh12345, andy23, mprgrmmr, javierlandaeta, jonnyblaze710, d-matteo, dash4ever, lig007, vermute).
You won.
Decred will takeout the June 18 peak (12 voters as of 3 PM EST July 31: yefet, gregory-f, lydon.sipe, dirty.hera, skririm, damla, coolthings, eirik, digitalking, carlosdaniel, cannonball6, me-do).
Decred will drop below the January 2 low (5 voters as of 3 PM EST July 31: freiheit50, osmanbugra, c-c-c, mela, sevinwilson).
Ah the technical analysis :) Awesome stuff. How's the trading going?
I will support you. I gave you a follow :) Talk soon.
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-vii
Here are the latest results. I have to admit that April and May were better for me.
Awesome brother! Really cool that you are tracking everything. It's awesome to relate to at a later stage.
Talk soon.
Good idea, have you considered https://steemwinner.surge.sh to pick up the winners in your contests?
Decred will takeout the June 18 peak
I am not sure if they would like the idea?
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