Crypto Contest April 7: QASH

QASH (QSHBTC) 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, QASH began a wave one advance on December 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, QASH should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

The team envisions QASH to be the preferred payment token for financial services. Cryptolite published a good introduction video about QASH on March 11. Please note that some dates and information is already outdated.

(Sources: https://liquid.plus/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "QASH will takeout the January 14 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "QASH will drop below the December 12, 2017 low".

If you think QASH is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "QASH will stay in a trading range between the December 12, 2017 low and the January 14 peak until May 13".

You can upvote the comment until 3 PM EST April 10 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.