Crypto Contest November 19: Factom
Factom is breaking out of the four-hour wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Factom is beginning a new impulsive move to the upside. The previous five wave impulsive move started on the June 17, and finished on the August 29. The three wave correction ended on the October 29. If this wave count is correct, Factom should be heading next towards the August 29 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, Factom is currently most likely in the wave three (sub-wave iii). The wave one started in the December 2015, and ended in the March 2016. The wave two correction finished on the June 17.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Factom.
If you think this analysis is correct, upvote this post and upvote the comment "Factom will takeout the September 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Factom will drop below the October 29 low".
You can upvote the comment until 3 PM EST November 20 and you can upvote only one comment. 100% of Steem (18.084 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Factom will drop below the October 29 low (7 voters as of 3 PM EST November 20: proctologic, bleujay, yefet, gregory-f, twinner, landofcrypto, jamesbrown).
I don't get it. we can vote on below the low or above the high? what about in between?
The winners will be determined by the price action (which one happens first).
You won.
Factom will takeout the September 13 peak (15 voters as of 3 PM EST November 20: majes, nelu.ceban, anotherjoe, inertia, idnit, michaelcorleone, soundmoney, digit, jdbry, idnit1, mistere, fortinbuff, mrfoot, cronk, escapeamericanow).
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 19. We estimate that this post is undervalued by $2.84 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 19 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Likely a nice boost by the Bill & Melinda Gates funding announcement.
http://www.ibtimes.co.uk/factom-gets-bill-melinda-gates-foundation-grant-secure-medical-records-blockchain-1592227
"Factom gets Bill & Melinda Gates Foundation grant to secure medical records on the blockchain"
You are right.
Thank you for the win proceeds.
Thank you bleujay!
Factom will takeout the September 13 peak
Please vote my comment above.
Factom will takeout the September 13 peak.
Please vote my comment above.