Crypto Contest July 21: Diamond
Diamond (DMDUSD) 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, Diamond began a wave one advance in April 2015. The red wave one finished in July 2015, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 2 this year, and the red wave four (blue sub-waves a-b-c) correction ended on July 12. If this wave count is correct, Diamond should be heading next towards the January 2 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Diamond is a Proof-of-Stake coin with masternodes. You can view the official teaser below.
(Sources: https://bit.diamonds/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Diamond will takeout the April 24 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Diamond will drop below the July 11, 2017 low".
If you think Diamond is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Diamond will stay in a trading range between the July 11, 2017 low and the April 24 peak until August 25".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST July 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.
Diamond will drop below the July 11, 2017 low (20 voters as of 3 PM EST July 24: bleujay, sqlinsix, bentleycapital, skepticology, novus-locus, jznsamuel, vicspics, freiheit50, positivebalances, milano1113, koskl, reconnectnature, lucasgabd, amity123, cryptotem, mitrado, nordina, nzl19500, ragnaros, andy23).
Diamond will stay in a trading range between the July 11, 2017 low and the April 24 peak until August 25 (34 voters as of 3 PM EST July 24: gregory-f, soundmoney, simonjay, komischername, abh12345, kunschj, misalen, kanoe, toofasteddie, starline, barbadosso, tzap90, revelationquotes, diogosantos, steem-d-anlovnit, mirda, nicolaepavelean, afrinsultana, dine77, catchup, karadere, galasek, pario, marverick984, biomanu, flemingfarm, techlife, punjolife, rothberg, richard78624, chotho, coolthings, lovetaxi005 (did not vote main post), askeb).
You won. Paid out from @maarnio1
Diamond will takeout the April 24 peak (9 voters as of 3 PM EST July 24: lydon.sipe, crokkon, fitinfun, bxlphabet, mike11, beiker, portillo, fullcoverbetting, sporttr).
👍👍👍👍👍great
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