Crypto Contest March 25: Enigma
Enigma (ENGUSD) 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, Enigma began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Enigma should be heading next towards the January 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Enigma is a privacy protocol that enables truly decentralized applications and unlocks the value of blockchains. You can view the official introduction video below.
(Sources: https://enigma.co/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Enigma will takeout the January 10 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Enigma will drop below the November 12, 2017 low".
If you think Enigma is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Enigma will stay in a trading range between the November 12, 2017 low and the January 10 peak until April 30".
You can upvote the comment until 3 PM EST March 28 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.
Enigma will takeout the January 10 peak (13 voters as of 3 PM EST March 28: bleujay, steemquestions, positivebalances, sanjay91422, fitinfun, crokkon, reconnectnature, bxlphabet, eirik, carlosdaniel, kunschj, nordina, cosminblaga).
Enigma will stay in a trading range between the November 12, 2017 low and the January 10 peak until April 30 (42 voters as of 3 PM EST March 28: gregory-f, lydon.sipe, freiheit50, allyouneedtoknow, glennolua, simonjay, thatsweeneyguy, skepticology, flemingfarm, revelationquotes, steemit.nemesis, misalen, toofasteddie, mgood, koskl, ahinga, themovieplace, diogosantos, rothberg, costanza, tzap90, cryptotem, qmarpot, me-do, coolthings, barbadosso, dalexx, richard78624, beeyou, galasek, mike11, mihail.tsvetkov, ragnaros, criptorafa, yefet, andy23, paul.atreides, cryptocanuck.com, cmoljoe, stalexmkl, akandadelwar, nicolaepavelean).
You won.
Enigma will drop below the November 12, 2017 low (8 voters as of 3 PM EST March 28: sqlinsix, heroic15397, dlina-v-metrah, jznsamuel, starline, gunsmithing, libert, abhicrypto).
Nice post dear, and I learn lot of things about cryptocurency. Keep it up, and im waiting for your next post, Thanks for sharing with us.
👍👍👍👍👍👍👌👌
I have a question for you but it is offtopic, would that be ok to ask on this post?
You can ask here or you could use the Steemit Chat.
I am looking for people that vote for my witness efforts.
And since you follow me I had to ask you.
Would you vote for me or not?
If you would not vote for me then I won't be butthurt, but then I would like to hear what I can improve as a witness (if you have time).
You got my vote.
Thank you very much Maarnio!