Crypto Contest January 10: LBRY Credits

in #lbry7 years ago (edited)

LBRY Credits has broken out of the four-hour wedge pattern.

(Chart courtesy of Tradingview.com)
In Elliott Wave terms, LBRY Credits began a wave one on January 1 in the two-hour chart. The wave one ended on January 2, and a wave two correction finished on January 4. A wave three advance ended on January 6, and a wave four correction could have finished on January 7. If this wave count is correct, LBRY Credits should be heading next towards the January 6 peak to end a wave one advance in a higher time frame.

(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long LBRY Credits.

If you think this analysis is correct, upvote this post and upvote the comment "LBRY Credits will takeout the November 21, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "LBRY Credits will drop below the January 1 low".
If you think LBRY Credits is in a range, upvote this post and upvote the comment "LBRY Credits will stay in a trading range between the January 1 low and the November 21, 2016 peak until February 7".
You can upvote the comment until 3 PM EST January 11 and you can upvote only one comment. 200% of Steem (2 X 0.124 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.

Sort:  

LBRY Credits will stay in a trading range between the January 1 low and the November 21, 2016 peak until February 7 (5 voters as of 3 PM EST January 11: bleujay, yefet, bidnat, grildrig, jahtech).

LBRY Credits will drop below the January 1 low (2 voters as of 3 PM EST January 11: gregory-f, twinner).

LBRY Credits will takeout the November 21, 2016 peak (2 voters as of 3 PM EST January 11: anotherjoe, soundmoney).

Coin Marketplace

STEEM 0.29
TRX 0.11
JST 0.031
BTC 67920.11
ETH 3854.77
USDT 1.00
SBD 3.69