Crypto Contest August 31: DigixDAO
DigixDAO has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, DigixDAO began a red wave one advance on February 13. The red wave one finished on February 15, and the red wave two correction ended on February 25. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 22, and the red wave four (blue sub-waves a-b-c) correction ended on August 15. If this wave count is correct, DigixDAO should be heading next towards the June 22 peak in the red wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "DigixDAO will takeout the June 22 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "DigixDAO will drop below the February 25 low".
If you think DigixDAO is in a range, upvote this post and upvote the comment "DigixDAO will stay in a trading range between the February 25 low and the June 22 peak until October 1".
You can upvote the comment until 3 PM EST September 1 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.
DigixDAO will takeout the June 22 peak (15 voters as of 3 PM EST September 1: bleujay, gregory-f, daniel.dalo, damla, dirty.hera, eirik, cassidyandfranks, anetchen, coolthings, igsamuel, gunsmithing, digitalking, sweethoney, sevinwilson, me-do).
DigixDAO will stay in a trading range between the February 25 low and the June 22 peak until October 1 (31 voters as of 3 PM EST September 1: landofcrypto, simonjay, soundmoney, me-tarzan, misalen, catena, lucasgabd, skririm, flemingfarm, themovieplace, starline, tzap90, abh12345, komischername, mirda, ahinga, allyouneedtoknow, miniature-tiger, osmanbugra, yefet, napkin, allmonitors, ragnaros, carlosdaniel, mprgrmmr, andy23, toofasteddie, hermanhanafiah, freskil, barcalogia, incrediblesnow).
You won.
DigixDAO will drop below the February 25 low (3 voters as of 3 PM EST September 1: libert, jznsamuel, lig007).
But bearish overall :)
Why? Thank you for resteeming.
Not a problem! :)
well, I get the feeling that is going to be dripping all the way to the bottom... classic low-volume stock chart, but I'm relatively new to kryptos so maybe I'm totally wrong haha
DGDUSD chart looks more bullish.
Yeah, i'm noticing that most charts look more bullish on USD... which one do you look out?
The Elliott Waves look better at the USD charts currently (less over lapping with the waves). Might be a good idea to take some profits as soon as we make new highs (above June peak) in the dollar charts.
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