Crypto Contest December 21: Einsteinium
Einsteinium has broken out of the daily triangle pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Einsteinium has completed five waves from the July 25 lows. The five wave advance ended on the September 9, and the three wave correction finished on the December 6. If this wave count is correct, Einsteinium should be heading next towards the September 9 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, Einsteinium is most likely in the wave three (sub-wave iii). The wave one started on the June 13, and finished on the July 5. The wave two correction ended on the July 25.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Einsteinium is currently in the wave three. The wave one started in January, and ended in April. The wave two correction finished on the June 13.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Einsteinium.
If you think this analysis is correct, upvote this post and upvote the comment "Einsteinium will takeout the October 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Einsteinium will drop below the July 25 low".
If you think Einsteinium is in a range, upvote this post and upvote the comment "Einsteinium will stay in a trading range between the July 25 low and the October 21 peak until January 17, 2017".
You can upvote the comment until 3 PM EST December 22 and you can upvote only one comment. 300% of Steem (3 X 0.213 STEEM) 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.
Einsteinium will stay in a trading range between the July 25 low and the October 21 peak until January 17, 2017 (5 voters as of 3 PM EST December 22: helikopterben, bleujay, yefet, spinbunny, soundmoney).
Einsteinium will takeout the October 21 peak (3 voters as of 3 PM EST December 22: otisbrown, anotherjoe, cryplectibles).
This post has been ranked within the top 80 most undervalued posts in the first half of Dec 21. We estimate that this post is undervalued by $5.01 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 21 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Einsteinium will drop below the July 25 low (4 voters as of 3 PM EST December 22: me-tarzan, gregory-f, twinner, landofcrypto).
You won.