Crypto Contest January 15: Stellar Lumens
Lumen (XLMUSD) 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, Lumen began a wave one advance on December 22, 2017. The red wave one finished on December 23, 2017, and the red wave two correction ended on December 24, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 4 this year, and the red wave four (blue sub-waves a-b-c) correction ended on January 11. If this wave count is correct, Lumen should be heading next towards the January 4 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
In the daily chart, I believe Lumen is currently in the red wave five. The red wave five began on December 22, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, Lumen is most likely in the red wave five (blue sub-wave v).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Stellar is a free, open-source network that lets anyone build low-cost financial products for their community. Here is "Stellar Lumens in a Nutshell" video by Boxmining for more information about the coin.
(Sources: https://www.stellar.org/ and YouTube)
If you think this analysis is correct, upvote this post and upvote the comment "Lumen will takeout the January 4 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Lumen will drop below the December 24, 2017 low".
If you think Lumen is in a range, upvote this post and upvote the comment "Lumen will stay in a trading range between the December 24, 2017 low and the January 4 peak until February 15".
You can upvote the comment until 3 PM EST January 16 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 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.
Lumen will stay in a trading range between the December 24, 2017 low and the January 4 peak until February 15 (27 voters as of 3 PM EST January 16: helikopterben, ace108, twinner, lucasgabd, osmanbugra, aaaalmira, skririm, cassidyandfranks, freskil, andy23, photo-moment, libert, alexandra2000, tzap90, aaawee, yefet, aaaceh, coinsquad, aaneh, sportschallenge, heidelbaer, funfortoday, portillo, liberton, rundowhale, anjelik, richgang).
You won.
Lumen will takeout the January 4 peak (55 voters as of 3 PM EST January 16: bleujay, steemquestions, allyouneedtoknow, fitinfun, me-tarzan, eirik, simonjay, crokkon, lydon.sipe, bentleycapital, digitalking, glennolua, mprgrmmr, toofasteddie, catena, mgood, komischername, reconnectnature, ahinga, coolthings, mihail.tsvetkov, me-do, alexandrya92, carlosdaniel, yummyrum, criptorafa, richard78624, ragnaros, koskl, plumygg, cosminblaga, deaconlee, incrediblesnow, barbadosso, absolutee, aaaaaalif, cliffy32, abnurmulya03, angerman, arpepa, karadere, activee, cata22, sikhanteuk, diogosantos, huasipi, margaritaradkova, sevinwilson, kanoe, anjelik, richgang, papakli, utkarshvarma, ilovefashion, elisablogs).
Lumen has il-Lumen-ated and en-Light-ened @maarnio and Lumen will take out the high, IMHO! :-)
Lumen will drop below the December 24, 2017 low (11 voters as of 3 PM EST January 16: sqlinsix, gregory-f, starline, mirda, gunsmithing, nordina, aaabeh, aanuek, aaceh, adekdollah69, asari).
really informative post like it.
Well, that is a nice contest, I hope I'll get the Trophy Token soon.