Crypto Contest January 28: Steem
Steem 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 January 2. The wave one finished on January 16, and the wave two correction ended on January 26. I believe Steem is currently in the wave three, which should takeout the January 16 peak.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Steem here:
https://steemit.com/steem/@maarnio/crypto-contest-january-14-steem
Disclosure: I am/we are long Steem.
If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the January 16 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the January 2 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 January 2 low and the January 16 peak until February 25".
You can upvote the comment until 3 PM EST January 29 and you can upvote only one comment. 200% of Steem (2 X 0.235 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 January 16 peak (23 voters as of 3 PM EST January 29: otisbrown, bleujay, daveks, lovejoy, meesterboom, nextgen622, majes, landofcrypto, l0k1, abarefootpoet, digit, idnit, jdbry, schamangerbert, grildrig, idnit1, idnit9, soundmoney, mrfoot, steemradio, angels, legends, tamersameeh).
Steem will stay in a trading range between the January 2 low and the January 16 peak until February 25 (4 voters as of 3 PM EST January 29: helikopterben, spinbunny, anotherjoe, abarefootpoet).
Steem will drop below the January 2 low (6 voters as of 3 PM EST January 29: me-tarzan, intelliguy, twinner, simonjay, mirda, bigb).
The low is coming... We'll see that in the next 3 months, it will be sub 10 cents USD is my guess. Once that happens, it will be strong after that...
below the January 2 low, and thanks for the supprt maarnio
Thank you Simon.
You won.
This post has been ranked within the top 50 most undervalued posts in the first half of Jan 28. We estimate that this post is undervalued by $6.38 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jan 28 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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