Crypto Contest November 7: Lunyr
Lunyr (LUNUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Lunyr began a wave one advance on July 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 12, and the red wave two (blue sub-waves a-b-c) correction ended on October 22. If this wave count is correct, Lunyr should be heading next towards the August 12 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Zooming in the four-hour chart, I believe Lunyr has completed sub-waves i and ii from the October 22 low.
(Chart courtesy of Tradingview.com)
Funnymentals
Lunyr tries to do something similar to Steem. Here is a brief introduction to the coin:
Lunyr is an Ethereum-based decentralized world knowledge base which rewards users with app tokens for peer-reviewing and contributing information.
(Source: https://lunyr.com/)
If you think this analysis is correct, upvote this post and upvote the comment "Lunyr will takeout the August 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lunyr will drop below the July 11 low".
If you think Lunyr is in a range, upvote this post and upvote the comment "Lunyr will stay in a trading range between the July 11 low and the August 12 peak until December 8".
You can upvote the comment until 3 PM EST November 8 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).
Lunyr will stay in a trading range between the July 11 low and the August 12 peak until December 8 (24 voters as of 3 PM EST November 8: helikopterben, lydon.sipe, criptorafa, flemingfarm, gregory-f, me-tarzan, lucasgabd, catena, abh12345, glennolua, starline, mprgrmmr, jznsamuel, heroic15397, crokkon, tzap90, ahinga, carlosdaniel, richard78624, ragnaros, andy23, napkin, kanoe, koskl).
You won.
Lunyr will takeout the August 12 peak (14 voters as of 3 PM EST November 8: bleujay, bentleycapital, eirik, simonjay, themovieplace, reconnectnature, anetchen, komischername, mihail.tsvetkov, digitalking, me-do, orelmely, amfid4846, m3rcos1ty).
Come guys vote here ... the a other possibilities never will happends
:)
On your top photo, I don't think it 'broke' out of the triangle, it is just trading sideways... Just my opinion.
Thank you for the critical comment.
Lunyr will drop below the July 11 low (10 voters as of 3 PM EST November 8: ace108, dirty.hera, mirda, lasper, cassidyandfranks, gunsmithing, yefet, plumygg, freskil, abay).
Thankss for share and for you competition..
Thank you orelmely.
Thanks for the resteem,
img credz: pixabay.com
Nice, you got a 22.0% @trafalgar upgoat, thanks to @maarnio
Want a boost? Minnowbooster's got your back!
I'm glad you compared it to STEEM, otherwise their sentence seemed pretty weak. You definitely helped! Thanks.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
This post has been ranked within the top 80 most undervalued posts in the second half of Nov 07. We estimate that this post is undervalued by $10.46 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 07 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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