Crypto Contest April 29: Steem
Steem (STEEM/BTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Steem began a wave one advance on March 13. The wave one finished on March 18, and the wave two correction ended on April 9. If this wave count is correct, Steem should be heading next towards the March 18 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the March 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the April 9 low".
If you think Steem is in a range, upvote this post and upvote the comment "Steem will stay in a trading range between the April 9 low and the March 18 peak until May 25".
You can upvote the comment until 3 PM EST April 30 and you can upvote only one comment. 200% of 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.
Steem will takeout the March 18 peak (9 voters as of 3 PM EST April 30: bleujay, otisbrown, tfeldman, simonjay, kooshikoo, allyouneedtoknow, starline, dirty.hera, ragnaros).
You won.
Steem will stay in a trading range between the April 9 low and the March 18 peak until May 25 (6 voters as of 3 PM EST April 30: me-tarzan, twinner, spinbunny, sevinwilson, skririm, mirda).
Steem will drop below the April 9 low (2 voters as of 3 PM EST April 30: razorwave8, coolthings).
Steem will stay in a trading range between the April 9 low and the March 18 peak until May 25
This post has been ranked within the top 80 most undervalued posts in the second half of Apr 29. We estimate that this post is undervalued by $2.41 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 29 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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