Crypto Contest June 16: Stratis
Stratis has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Stratis began a wave one advance on April 27. The wave one finished on May 5, and the wave two correction ended on May 9. The wave three advance finished on June 3, and the wave four correction ended on June 11. If this wave count is correct, Stratis should be heading next towards the June 3 peak in the wave five.
(Chart courtesy of Tradingview.com)
Zooming out in the daily chart, I believe Stratis is currently in the wave three (sub-wave v).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Stratis will takeout the June 3 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stratis will drop below the May 9 low".
If you think Stratis is in a range, upvote this post and upvote the comment "Stratis will stay in a trading range between the May 9 low and the June 3 peak until July 16".
You can upvote the comment until 3 PM EST June 17 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Stratis will takeout the June 3 peak (28 voters as of 3 PM EST June 17: bleujay, coinmaker, otisbrown, gregory-f, jimmco, simonjay, yefet, btcshare7, soundmoney, ikilledcobain (did not vote main post), koskl, eirik, daniel.dalo, starline, shiri, themovieplace, damla, poppy.poppers, skririm, steemychess, andy23, imvictus, mprgrmmr, thatsweeneyguy, shubhamupadhyay, acid78, alexrickard86, wanxlol).
upvoted
Stratis will stay in a trading range between the May 9 low and the June 3 peak until July 16 (9 voters as of 3 PM EST June 17: me-tarzan, nextgen622, twinner, osmanbugra, abh12345, jznsamuel, coolthings, flemingfarm, miniature-tiger, skririm).
You won.
Stratis will drop below the May 9 low (7 voters as of 3 PM EST June 17: cm-steem, spinbunny, avarice, pinagpala, ragnaros, lig007, drakos).
In my view, it all depends on bitcoin, and it's not looking good so far, its downtrend isn't over yet, so I'm afraid it will keep dragging the rest of the market with it.
Could be, but I am still sticking with my wave five.
Good luck.
Im pretty bullish on Stratis as well, I believe it will takeout the June 3 Peak!
Trading..?? good. :)
Yes. Trading is good.
Stratis will stay in a trading range between the May 9 low and the June 3 peak until July 16
@maarnio
Very interesting !
Thank you oksanasemenova. You like cats?
like cats)
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Stratis will takeout the June 3 peak.
Stratis will takeout the June 3 peak