Crypto Contest May 25: 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 finished on February 4, and the wave two correction ended on March 2. The wave three advance finished on March 26, and the wave four correction ended on April 7. If this wave count is correct, Decred should be heading next towards the March 26 peak.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Decred will takeout the March 26 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Decred will drop below the March 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 March 2 low and the March 26 peak until June 20".
You can upvote the comment until 3 PM EST May 26 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 March 2 low and the March 26 peak until June 20 (10 voters as of 3 PM EST May 26: bleujay, simonjay, spinbunny, me-tarzan, yefet, ikilledcobain, starline, mprgrmmr, avarice, pinagpala).
Decred will takeout the March 26 peak (7 voters as of 3 PM EST May 26: dan-atstarlite, otisbrown, coinmaker, steemquestions, mirda, eirik, ilovefashion).
You won.
Decred will drop below the March 2 low (8 voters as of 3 PM EST May 26: cm-steem, razorwave8, kooshikoo, sqlinsix, daniel.dalo, coolthings, ragnaros, andy23).
Thank you for posting @maarnio.
Appreciate the winnings.
All the best to you and yours. Cheers.
Thank you bleujay. All the best to you as well.
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