Crypto Contest December 4: Qora
Qora has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Qora has completed one cycle from the June 17 low. The five wave advance finished on the September 13, and the three wave correction ended on the November 4. If this wave count is correct, Qora should be heading next towards the September 13 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Qora is currently most likely in the wave three. The wave one started in January, and finished in March. The wave two correction ended on the June 17.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Qora.
If you think this analysis is correct, upvote this post and upvote the comment "Qora will takeout the September 13 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Qora will drop below the November 4 low".
You can upvote the comment until 3 PM EST December 5 and you can upvote only one comment. 100% of Steem (3.407 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.
Qora will takeout the September 13 peak (8 voters as of 3 PM EST December 5: me-tarzan, majes, idnit, jdbry, digit, idnit1, mrfoot, mistere).
Qora will drop below the November 4 low (4 voters as of 3 PM EST December 5: yefet, gregory-f, twinner, spinbunny).
You won.