Crypto Contest January 6: ETHLend
ETHLend (LENDETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETHLend began a wave one advance on December 22, 2017. The red wave one finished on December 26, 2017, and the red wave two correction ended on December 28, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 29, 2017, and the red wave four (blue sub-waves a-b-c) correction ended on January 3 this year. If this wave count is correct, ETHLend should be heading next towards the December 29, 2017 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Switching to the four-hour chart, I believe ETHLend is currently in the red wave three (blue sub-wave v). The red wave three began on December 22, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ETHLend offers fully decentralized peer to peer lending on the Ethereum blockchain. Here is the official introduction video.
(*Source: https://ethlend.io/en/ *)
If you think this analysis is correct, upvote this post and upvote the comment "ETHLend will takeout the December 29, 2017 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "ETHLend will drop below the December 22, 2017 low".
If you think ETHLend is in a range, upvote this post and upvote the comment "ETHLend will stay in a trading range between the December 22, 2017 low and the December 29, 2017 peak until February 6".
You can upvote the comment until 2:20 PM EST January 7 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 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.
ETHLend will stay in a trading range between the December 22, 2017 low and the December 29, 2017 peak until February 6.
ETHLend will takeout the December 29, 2017 peak (40 voters as of 2:20 PM EST January 7: bleujay, bentleycapital, fitinfun, ender, spinbunny, gregory-f, eirik, glennolua, steemquestions, flemingfarm, crokkon, mgood, mprgrmmr, komischername, digitalking, miniature-tiger, me-do, toofasteddie, criptorafa, starline, richard78624, ragnaros, koskl, deaconlee, incrediblesnow, pallosalama, tzap90, liberton, harryp3, karadere, diogosantos, askeb, boostter, pamela-paul, notanengenier, margaritaradkova, barbadosso, kanoe, portillo, soccersteem).
ETHLend will takeout the December 29, 2017 peak
You won.
ETHLend will drop below the December 22, 2017 low.
ETHLend will drop below the December 22, 2017 low
Nice post. I saw the same thing on eth lend. It’s a pretty slick platform. Try it out!
I haven't tried them out yet but did invest into the Karma (lending) ITO.
Thanks @maarnio - I won my first contest - entered 1 month ago - and now see some added SBD in my steemit acct. I was wondering how you were going to send money to the winners. This is a great contest!
Thank you mgood.
Happy to see that you won.
Nice to see these rewards today. I remember you getting less than $10 per post :) I dropped your name a few times recently and everyone said that would try it, so maybe they did.
Interesting idea for loans here. A little bit shocking to my traditional accounting brain.
Keep breaking everything out of it's range. I'm counting on you!
We already did.
Well done Sharon.
Hey I'm a winner! Thank you very much. I'm hoping you will give my a prize if I actually upvote a comment 7 days in a row!
Thank for such a fun contest and the big bucks today. I am happy to start off working now.
Congratulations Sharon.
"I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row."
You have to win seven times in a row to get a Trophy Token.
Nice bonus.... there are people that actually get them right 7 times in a row?! Wow, kudos to them.
Take a look at the contests from November 18-25:
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-xii
If you had voted the "analysis is correct" option.
ETHLend is a blockchain startup founded by Stani Kulechov. ETHLend aims to provide a global peer-to-peer lending market by using blockchain technology and smart contracts. Beyond local lending. ETHLend unfolds global lending by the use of cryptocurrency. Lenders and borrowers use Ethereum-native token Ether (ETH) for the loan transactions. By using Ether, the loan transactions are executed within seconds instead of days, which is a medium equivalent within the banking system on international transfers.
Crypto Contest January 6: ETHLend was added to 06/01/18: Sports contests digest
Thanks again barbadosso.
nice blog