Crypto Contest April 16: Stellar
Stellar has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Stellar began a wave one advance on March 1. The wave one (sub-waves i-v) finished on April 2, and the wave two (sub-waves abc) ended on April 7. If this wave count is correct, Stellar should be heading next towards the April 2 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Stellar will takeout the April 2 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stellar will drop below the March 1 low".
If you think Stellar is in a range, upvote this post and upvote the comment "Stellar will stay in a trading range between the March 1 low and the April 2 peak until May 11".
You can upvote the comment until 3 PM EST April 17 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.
Stellar will stay in a trading range between the March 1 low and the April 2 peak until May 11 (8 voters as of 3 PM EST April 17: bleujay, twinner, spinbunny, allyouneedtoknow, yefet, starline, avarice, mirda).
Stellar will takeout the April 2 peak (4 voters as of 3 PM EST April 17: anotherjoe, mprgrmmr, coolthings, ragnaros).
You won.
Stellar will drop below the March 1 low (1 voter as of 3 PM EST April 17: me-tarzan).
This post has been ranked within the top 80 most undervalued posts in the first half of Apr 16. We estimate that this post is undervalued by $0.45 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 16 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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