Crypto Contest September 5: Steem

Steem (STEEMETH) 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, Steem began a wave one leading diagonal advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in June. If this wave count is correct, Steem should be heading next towards the January peak in the red wave three.

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

Funnymentals

As of today, there are 1,130,390 accounts in Steem blockchain.

(Sources: https://steem.com/ and penguinpablo)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Steem 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) "Steem will drop below the June low".

If you think Steem is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Steem will stay in a trading range between the June low and the April peak until October 10".

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

You can upvote the comment until 3 PM EST September 8 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

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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.