Crypto Contest September 10: Shift
Shift (SHIFTBTC) 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, Shift began a wave one leading diagonal advance in October 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in August this year. If this wave count is correct, Shift should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Shift is a delegated consensus blockchain with interplanetary file system integration. The following video explains how the Shift blockchain works.
(Sources: https://www.shiftnrg.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Shift will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Shift will drop below the August low".
If you think Shift is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Shift will stay in a trading range between the August low and the April peak until October 15".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 13 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.
Shift will stay in a trading range between the August low and the April peak until October 15 (19 voters as of 3 PM EST September 13: bleujay, bentleycapital, gregory-f, novus-locus, simonjay, crokkon, toofasteddie, kunschj, misalen, koskl, starline, reconnectnature, costanza, mgood, fullcoverbetting, dine77, mitrado, mirda, rothberg).
Shift will drop below the August low (8 voters as of 3 PM EST September 13: sqlinsix, glennolua, vicspics, jznsamuel, cryptotem, milano1113, barbadosso, criptorafa).
You won. Paid out from @maarnio1
Shift will takeout the April peak (6 voters as of 3 PM EST September 13: skepticology, freiheit50, michaelluchies, lydon.sipe, steemit.nemesis, galasek).
Damn, this one is really hard, because the august low does not require an incredible drop.... it is still very possible to go below that.
The (iv) wave in blue looks to me in the limit of the counts validity, isn't it?
I have labeled it as a leading diagonal.
You are fully right
Cheers
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