Crypto Contest December 30: Republic Protocol
Republic Protocol (Binance: RENBTC) 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, Republic Protocol began a wave one advance on December 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 23, and the red wave two (blue sub-waves a-b-c) correction ended on December 27. If this wave count is correct, Republic Protocol should be heading next towards the December 23 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Republic Protocol is a dark pool protocol for trading large volumes of cryptocurrencies. Epicenter interviewed the CEO and the CTO of Republic Protocol earlier this year.
(Sources: https://republicprotocol.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Republic Protocol will takeout the December 23 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Republic Protocol will drop below the December 20 low".
If you think Republic Protocol is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Republic Protocol will stay in a trading range between the December 20 low and the December 23 peak until February 3, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST January 2, 2019 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).
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Republic Protocol will stay in a trading range between the December 20 low and the December 23 peak until February 3, 2019 (11 voters as of 3 PM EST January 2: bleujay, bentleycapital, abh12345, freiheit50, allyouneedtoknow, barbadosso, steem-d-anlovnit, diogosantos, jznsamuel, richard78624, simonjay).
Republic Protocol will drop below the December 20 low (7 voters as of 3 PM EST January 2: diana.feuerberg, sqlinsix, votum, vicspics, reconnectnature, mgood, galasek).
You won. Paid out from @maarnio1
Republic Protocol will takeout the December 23 peak (6 voters as of 3 PM EST January 2: gregory-f, steemit.nemesis, toofasteddie, ace108, lydon.sipe, sporttr).
Hey @maarnio,
We've followed you for awhile and appreciate your insights and analysis. You offer a valuable service to your readers.
During that time, we've upvoted and promoted you from time to time, in addition to our regular contributors. TIMM is turning its focus more toward growing traffic. In doing so, we'll be using our upvotes for our own authors (i.e. less for non-TIMM authors) more as well.
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Uniting analysts and investors for mutual profit!
I´ve been away from the internet world, so only now I'm checking the prices, but it seems that not much has changed...
Happy New Year!!!
Happy New Year.
Hi @maarnio!
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