Crypto Contest May 26: SIRIN LABS Token

SIRIN LABS Token (SRNBTC) 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, Sirin began a wave one advance on April 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 2, and the red wave two (blue sub-waves a-b-c) correction ended on May 24. If this wave count is correct, Sirin should be heading next towards the May 2 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

SIRIN LABS brings consumer electronics for the blockchain era. Crypto Beadles covered the token earlier this month.

(Sources: https://sirinlabs.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIRIN LABS Token will takeout the May 2 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIRIN LABS Token will drop below the April 3 low".

If you think SIRIN LABS Token is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SIRIN LABS Token will stay in a trading range between the April 3 low and the May 2 peak until July 1".

You can upvote the comment until 3 PM EST May 29 and you can upvote only one comment. 50% of 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

I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.