Crypto Contest November 15: QuarkChain
QuarkChain (Binance: QKCUSD) 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, QuarkChain began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 15, and the red wave two (blue sub-waves a-b-c) correction ended on November 7. If this wave count is correct, QuarkChain should be heading next towards the October 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe QuarkChain is currently in the red wave three (blue sub-wave iii). The red wave three began on September 12.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
QuarkChain Network is a high-throughput blockchain that aims to achieve more than hundreds of thousands on-chain transactions per second. dbcrypto interviewed the CEO last month.
(Sources: https://quarkchain.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "QuarkChain will takeout the October 15 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "QuarkChain will drop below the September 12 low".
If you think QuarkChain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "QuarkChain will stay in a trading range between the September 12 low and the October 15 peak until December 20".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 18 and you can upvote only one comment. 50% of liquid STEEM + 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 1
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
QuarkChain will stay in a trading range between the September 12 low and the October 15 peak until December 20 (18 voters as of 3 PM EST November 18: bleujay, bentleycapital, gregory-f, novus-locus, abh12345, toofasteddie, kunschj, jznsamuel, simonjay, starline, jlordc, steem-d-anlovnit, diogosantos, themovieplace, dine77, revelationquotes, criptorafa, nzl19500).
You won. Paid out from @maarnio1
QuarkChain will takeout the October 15 peak (7 voters as of 3 PM EST November 18: steemquestions, allyouneedtoknow, barbadosso, crokkon, steemit.nemesis, reconnectnature, galasek).
QuarkChain will drop below the September 12 low (11 voters as of 3 PM EST November 18: sqlinsix, positivebalances, skepticology, vicspics, tzap90, martusamak, ace108, sporttr, moeenali, mgood, mitrado).
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