Crypto Contest April 13: Stratis
Stratis (STRATUSD) 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, Stratis began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, Stratis should be heading next towards the January 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Stratis is currently in the red wave five (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Stratis is a blockchain development platform designed for the needs of real world enterprise and financial services. Coin FOMO made a good introduction video to the platform on February 5.
(Sources: https://stratisplatform.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stratis will takeout the January 8 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stratis will drop below the November 2, 2017 low".
If you think Stratis is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Stratis will stay in a trading range between the November 2, 2017 low and the January 8 peak until May 19".
You can upvote the comment until 3 PM EST April 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 (@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.
Stratis will stay in a trading range between the November 2, 2017 low and the January 8 peak until May 19 (44 voters as of 3 PM EST April 16: helikopterben, gregory-f, positivebalances, heroic15397, me-tarzan, freiheit50, glennolua, simonjay, allyouneedtoknow, revelationquotes, crokkon, misalen, abh12345, flemingfarm, mgood, toofasteddie, komischername, ahinga, rothberg, themovieplace, koskl, abhicrypto, diogosantos, cryptotem, mirda, coolthings, trincowski, nicolaepavelean, costanza, richard78624, tzap90, cmoljoe, mihail.tsvetkov, portillo, harryp3, ragnaros, criptorafa, poti, neo-wiza, alexandrya92, emma28, photoquote, chotho, tradrhacks).
You won.
Stratis will takeout the January 8 peak (19 voters as of 3 PM EST April 16: bleujay, lydon.sipe, bentleycapital, anetchen, fitinfun, ace108, bxlphabet, sanjay91422, reconnectnature, jznsamuel, me-do, galasek, carlosdaniel, kunschj, karadere, mitrado, cosminblaga, elisablogs, beiker).
Stratis will drop below the November 2, 2017 low (9 voters as of 3 PM EST April 16: sqlinsix, skepticology, steemit.nemesis, starline, barbadosso, nordina, libert, andy23, photo-moment).
good post dear
Wonderful post ..thanks for sharing...Best of luck friend ✫
Good analysis and call. Stratis is about to pump! I'll give you an upvote. Check out my post on Stratis too :)
Should be a good one.
I this is correct because during my analysis to determine the hidden point of srpport and resitance on stratis yestarday using elliott wave principle and Fibonaaci retracement i saw what you are seeing and this comfirm my analysis.
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