Crypto Contest May 31: Polymath

Polymath (POLYBTC) 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, Polymath began a wave one advance on April 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 15, and the red wave two (blue sub-waves a-b-c) correction ended on May 24. If this wave count is correct, Polymath should be heading next towards the May 15 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Polymath is a securities token platform. Crush Crypto featured the token on May 21.

(Sources: https://polymath.network/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Polymath will takeout the May 15 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Polymath will drop below the April 12 low".

If you think Polymath is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Polymath will stay in a trading range between the April 12 low and the May 15 peak until July 6".

You can upvote the comment until 3 PM EST June 3 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 (@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.