Crypto Contest November 18: Storjcoin
Storjcoin has broken the trend line drawn from the September 15 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Storjcoin has completed waves one and two in the daily chart. The wave one started on the November 1, and finished on the November 3. The wave two correction may have ended on the November 17. If this wave count is correct, Storjcoin should be heading next towards the November 3 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Storjcoin has most likely completed one cycle from the November 2015 lows. The five wave advance ended on the September 15, and the three wave correction finished on the November 1.
(Chart courtesy of Tradingview.com)
In the monthly chart, I believe Storjcoin is in the wave five. The wave one started in the August 2014, and ended in the December 2014. The wave two correction finished in the November 2015, and the wave three advance ended on the September 15. The wave four correction finished on the November 1.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Storjcoin.
If you think this analysis is correct, upvote this post and upvote the comment "Storjcoin will takeout the November 3 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Storjcoin will drop below the November 1 low".
You can upvote the comment until 3 PM EST November 19 and you can upvote only one comment. 100% of Steem (1.089 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Storjcoin will drop below the November 1 low (9 voters as of 3 PM EST November 19: me-tarzan, proctologic, bleujay, yefet, gregory-f, twinner, landofcrypto, pawntod4, cronk).
You won.
thank you
Storjcoin will takeout the November 3 peak (13 voters as of 3 PM EST November 19: majes, jamesbrown, anotherjoe, hisnameisolllie, wingz, idnit, bradenford, fjccoin, digit, jdbry, idnit1, mistere, mrfoot).
This post has been ranked within the top 80 most undervalued posts in the first half of Nov 18. We estimate that this post is undervalued by $2.90 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 18 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Storjcoin will drop below the November 1 low