Crypto Contest November 22: Einsteinium
Einsteinium has broken out of the four-hour wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Einsteinium has completed one impulsive move from the July 25 lows. The five wave advance finished on the September 9, and the three wave correction ended on the November 19. If this wave count is correct, Einsteinium should be heading next towards the September 9 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Einsteinium is most likely in the wave three (sub-wave iii). The wave one started on the June 13, and ended on the July 5. The wave two correction finished 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 finished in April. The wave two correction ended 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 November 19 low".
You can upvote the comment until 3 PM EST November 23 and you can upvote only one comment. 100% of Steem (2.690 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Einsteinium will drop below the November 19 low (15 voters as of 3 PM EST November 23: bleujay, gregory-f, majes, landofcrypto, bitcoiner, jamesbrown, yefet, royalmacro, idnit, jdbry, digit, idnit1, mistere, mrfoot, beers).
Einsteinium will drop below the November 19 low
You won.
Einsteinium will takeout the October 21 peak (3 voters as of 3 PM EST November 23: twinner, anotherjoe, michaelcorleone).
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 22. We estimate that this post is undervalued by $3.94 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 22 - 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 November 19 low
Please vote my comment "Einsteinium will drop below the November 19 low."
voted :)
Einsteinium will drop below the November 19 low