Crypto Contest July 31: Dynamic
Dynamic (DYNUSD) 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, Dynamic began a wave one advance in April 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 4 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, Dynamic should be heading next towards the January 4 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dynamic is Duality’s tokenized-currency provided with supply elasticity to ensure price stability for day to day transactions of end-users. If you need more information about the project check out the Coin Interview with Duality Solutions from last year.
(Sources: https://duality.solutions/dynamic/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dynamic will takeout the April 21 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dynamic will drop below the June 24 low".
If you think Dynamic is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dynamic will stay in a trading range between the June 24 low and the April 21 peak until September 4".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 3 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.
Dynamic will drop below the June 24 low (16 voters as of 3 PM EST August 3: bleujay, sqlinsix, novus-locus, bentleycapital, tzap90, vicspics, koskl, jozef230, reconnectnature, mgood, amity123, mitrado, milano1113, margaritaradkova, richard78624, nordina).
You won. Paid out from @maarnio1
Dynamic will stay in a trading range between the June 24 low and the April 21 peak until September 4 (32 voters as of 3 PM EST August 3: gregory-f, skepticology, glennolua, soundmoney, abh12345, komischername, misalen, allyouneedtoknow, kunschj, steem-d-anlovnit, toofasteddie, starline, diogosantos, dlina-v-metrah, nicolaepavelean, themovieplace, mike11, mirda, costanza, revelationquotes, pario, dine77, biomanu, apple96, jlordc, techlife, punjolife, chotho, rothberg, fullcoverbetting, coolthings, askeb).
Dynamic will takeout the April 21 peak (9 voters as of 3 PM EST August 3: lydon.sipe, michaelluchies, ace108, cryptotem, barbadosso, marverick984, portillo, mellofello, nzl19500).
I like what I see when I look at what they are trying to do, but I don't know anyone on the team so it gets hard to ever become an investment for me.
But the price might actually be able to take out the peak of April.
good analysis my dear friend
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STOPTo support your work, I also upvoted your post!