Crypto Contest January 22: LBRY Credits
LBRY Credits has broken the trend line in the two-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, LBRY Credits began a five wave advance on January 1 in the four-hour chart. The wave one finished on January 6, and the wave two correction ended on January 11. The wave three finished on January 14, and the wave four ended on January 17. I believe LBRY Credits is currently in the wave five, which should takeout the January 14 peak.
(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 January 14 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 January 14 peak until February 19".
You can upvote the comment until 3 PM EST January 23 and you can upvote only one comment. 200% of Steem (2 X 0.543 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.
LBRY Credits will takeout the January 14 peak (5 voters as of 3 PM EST January 23: otisbrown, anotherjoe, gduran, soundmoney, jahtech).
Takeout
LBRY Credits will stay in a trading range between the January 1 low and the January 14 peak until February 19 (4 voters as of 3 PM EST January 23: bleujay, twinner, spinbunny, yefet).
You won.
LBRY Credits will drop below the January 1 low (5 voters as of 3 PM EST January 23: me-tarzan, gregory-f, fjccoin, grildrig, mirda).
This post has been ranked within the top 80 most undervalued posts in the second half of Jan 22. We estimate that this post is undervalued by $7.65 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 22 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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