Crypto Contest December 23: Project Decorum
Project Decorum (PDCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Project Decorum began a wave one advance on July 26, 2016. The red wave one advance finished on September 11, 2016, and the red wave two correction ended on January 1 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on September 7, and the red wave four correction ended on November 30. If this wave count is correct, Project Decorum should be heading next towards the September 7 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Project Decorum is a decentralised social platform for the SAFE Network. Here is the history of the project:
Project Decorum started out with the goal to create a decentralised forum. The name comes from DECentralised fORUM. During the design phase, it quickly became clear that the protocol necessary for a decentralised forum would enable any kind of social media product on the SAFE Network. As a result, Project Decorum's goal has evolved to realize a decentralised social platform, fit for all kinds of digital social activity.
(Source: https://www.project-decorum.com/)
If you think this analysis is correct, upvote this post and upvote the comment "Project Decorum will takeout the September 7 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Project Decorum will drop below the November 30 low".
If you think Project Decorum is in a range, upvote this post and upvote the comment "Project Decorum will stay in a trading range between the November 30 low and the September 7 peak until January 23, 2018".
You can upvote the comment until 3 PM EST December 24 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 contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Project Decorum will stay in a trading range between the November 30 low and the September 7 peak until January 23, 2018 (18 voters as of 3 PM EST December 24: helikopterben, twinner, catena, abh12345, tzap90, komischername, dirty.hera, bahagia-arbi, coolthings, richard78624, ahinga, plumygg, me-do, incrediblesnow, andy23, beazy, amfid4846, barbadosso).
Project Decorum will takeout the September 7 peak (30 voters as of 3 PM EST December 24: bleujay, lydon.sipe, bentleycapital, simonjay, eirik, flemingfarm, ace108, glennolua, sanjay91422, crokkon, digitalking, themovieplace, steemcollator, mgood, jznsamuel, toofasteddie, miniature-tiger, cryptokraze, starline, freskil, cassidyandfranks, mihail.tsvetkov, kanoe, rekaa, yefet, heidelbaer, koskl, margaritaradkova, huasipi, utkarshvarma).
Project Decorum will takeout the September 7 peak.
Long time @maarnio I wasn’t on Steemit for a while
Welcome back steemcollator.
Thanks man
Up I think this month. Or maybe down! But not standing still.
Miniature - I loved your post. "Up or maybe down" - You have to make up your mind. :-)
Oh I voted up, but there was a long period where most of the contests were won by "staying in a range". Now I think we're seeing more volatility so I'll probably vote up more, or down, rather than keeping still!
I know u voted up; I was just having fun.
I also agree with you. Things were more stable earlier so the crypto stayed in a range. Now there is more volatility.
You won.
I think it will take out the last peak
Project Decorum will drop below the November 30 low (6 voters as of 3 PM EST December 24: dlina-v-metrah, gregory-f, reconnectnature, libert, gunsmithing, ragnaros).
i love your post
Thank you Maryam.
I impress to contest. If i opportunity to this contest i try to join this contest
By all means Sharif.
Like your new BONUS TROPHY, Resteemed!!!
Thanks toofasteddie.