Crypto Contest April 27: Ethereum
Ether (ETH/BTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Ether began a wave one advance on December 28, 2016. The wave one finished on January 12 this year, and the wave two correction ended on February 2. The wave three advance finished on March 24, and the wave four correction ended on April 6. If this wave count is correct, Ether should be heading next towards the March 24 peak in the wave five.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Ether from here:
https://steemit.com/ethereum/@maarnio/crypto-contest-january-26-ethereum
If you think this analysis is correct, upvote this post and upvote the comment "Ether will takeout the March 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ether will drop below the April 6 low".
If you think Ether is in a range, upvote this post and upvote the comment "Ether will stay in a trading range between the April 6 low and the March 24 peak until May 23".
You can upvote the comment until 3 PM EST April 28 and you can upvote only one comment. 200% of 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.
Ether will takeout the March 24 peak (29 voters as of 3 PM EST April 28: bleujay, nextgen622, daveks, majes, gregory-f, gomeravibz, simonjay, kooshikoo, idnit, orenshani7, jdbry, digit, reisman, evildeathcore, soundmoney, mrfoot, idnit9, starline, idnit1, cassidyandfranks, idnit0, angels, mirda, victorious, aurai, addanat, tamersameeh, kuvo, legends).
You won.
Ether will drop below the April 6 low (2 voters as of 3 PM EST April 28: twinner, ragnaros).
Ether will stay in a trading range between the April 6 low and the March 24 peak until May 23 (5 voters as of 3 PM EST April 28: spinbunny, allyouneedtoknow, yefet, migo25, coolthings).
https://steemit.com/primecoin/@maarnio/crypto-contest-april-24-primecoin#@geocurt/re-maarnio-re-geocurt-re-maarnio-re-geocurt-re-maarnio-crypto-contest-april-24-primecoin-20170426t172715402z
Hat tip to geocurt.
This post has been ranked within the top 50 most undervalued posts in the second half of Apr 27. We estimate that this post is undervalued by $2.89 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 27 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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