Crypto Contest December 31: Shadow
Shadow has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Shadow began a wave one on February 14 in the daily chart. The wave one ended on June 13, and the wave two correction finished on July 9. The wave three advance ended on September 6, and the wave four correction finished on December 24. If this wave count is correct, Shadow should be heading next towards the September 6 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, Shadow began a wave one in October 2014. The wave one finished in April 2015, and the wave two correction ended on February 14. Shadow is currently most likely in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Shadow.
If you think this analysis is correct, upvote this post and upvote the comment "Shadow will takeout the November 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Shadow will drop below the December 24 low".
If you think Shadow is in a range, upvote this post and upvote the comment "Shadow will stay in a trading range between the December 24 low and the November 28 peak until January 28, 2017".
You can upvote the comment until 3 PM EST January 1 and you can upvote only one comment. 200% of Steem (2 X 0.205 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.
Shadow will stay in a trading range between the December 24 low and the November 28 peak until January 28, 2017 (5 voters as of 3 PM EST January 1: helikopterben, bleujay, gregory-f, spinbunny, yefet).
You won.
Shadow will takeout the November 28 peak (16 voters as of 3 PM EST January 1: otisbrown, daveks, nextgen622, majes, landofcrypto, idnit, jdbry, digit, garvofe, idnit1, idnit9, steemradio, mrfoot, tamersameeh X 2, legends, angels).
Shadow will drop below the December 24 low (6 voters as of 3 PM EST January 1: me-tarzan, twinner, anotherjoe, inertia, fortinbuff, tamersameeh X 2).
I really enjoyed to read this awesome blog!!!
Upvote & Follow
Thank you thepol. Don't forget the contest vote.
Thank you for posting @maarnio.
Appreciate the winning reward.
Happy New Year to you and yours.
Thank you bleujay. Happy New Year to you as well.
This post has been ranked within the top 50 most undervalued posts in the second half of Dec 31. We estimate that this post is undervalued by $6.25 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 31 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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