Crypto Contest January 18: FunFair
FunFair (FUNBTC) 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, FunFair began a wave one advance on December 8, 2017. The red wave one finished on December 25, 2017, and the red wave two correction ended on December 26, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 8 this year, and the red wave four (blue sub-waves a-b-c) correction ended on January 16. If this wave count is correct, FunFair should be heading next towards the January 8 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FunFair provides blockchain-powered solutions to the online gaming industry. Here is the official introduction video of the platform.
(Sources: https://funfair.io/ and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "FunFair will takeout the January 8 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "FunFair will drop below the December 26, 2017 low".
If you think FunFair is in a range, upvote this post and upvote the comment "FunFair will stay in a trading range between the December 26, 2017 low and the January 8 peak until February 18".
You can upvote the comment until 3 PM EST January 19 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.
FunFair will stay in a trading range between the December 26, 2017 low and the January 8 peak until February 18 (31 voters as of 3 PM EST January 19: helikopterben, bleujay, me-tarzan, dlina-v-metrah, glennolua, dirty.hera, twinner, lucasgabd, mgood, toofasteddie, catena, miniature-tiger, cryptotem, ahinga, coolthings, skririm, me-do, starline, koskl, photo-moment, freskil, libert, tzap90, yefet, what-is-life, portillo, spyfromthecold, heidelbaer, arpepa, videoaddiction, liberton).
You won.
FunFair will takeout the January 8 peak (33 voters as of 3 PM EST January 19: steemquestions, lydon.sipe, allyouneedtoknow, bentleycapital, fitinfun, simonjay, eirik, gregory-f, crokkon, anetchen, digitalking, komischername, flemingfarm, themovieplace, carlosdaniel, nicolaepavelean, richard78624, ragnaros, mihail.tsvetkov, plumygg, nordina, alexandra2000, acehnature, barbadosso, karadere, abnurmulya03, diogosantos, arjoena20, margaritaradkova, soccersteem, utkarshvarma, papakli, ilovefashion).
FunFair will takeout the January 8 peak.
FunFair will drop below the December 26, 2017 low (16 voters as of 3 PM EST January 19: sqlinsix, abh12345, freiheit50, jznsamuel, lasper, mirda, cassidyandfranks, criptorafa, andy23, incrediblesnow, paul.atreides, adekdollah69, cata22, steemit-up, sevinwilson, elisablogs).
Dear maarnio,
Your ta looks good and thx for your educational post generally. But the first picture could be a bull trap, could not it?
And what is funfair? Would you be so kind and explain it to me in a few sentences - only if you want to of course.
Yours truly,
Gandalf The White
Only time will tell if it is a bull trap.
FunFair enables anyone, anywhere to run their own casino.
True that.
And thx for that short and sweet answer.
Have a good one my friend!
@marnio
You hold an interesting contest in terms of analysts
Thank you abnurmulya.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Sharp decrease
@videoaddiction - have some fun bro and enter the contest.....and you might also win some SBD as well.
To enter, you need to make 2 upvotes. First - upvote the main post by @maarnio.
Secon, upvote one of @maarnio's comments - whichever one you think will happen......take out - drop below - or stay in the trading range.
Done
Thank you.
Thank you mgood.
No problem. I don't mind helping out. And now I see that @videoaddiction did enter and upvote. That's the good news. The bad news is that he/she changed their mind from decrease and voted for the same result as me. :-) .....just joking. Happy to have more people enter. The contest is fun.
I can´t find FunFair (FUN BTC) to analyze it, so this time I have to go with my feeling and based on your analisis, with nothing else to support my theory.
https://funfair.io/
Here is the link.