Crypto Contest May 12: Stratis

in #stratis7 years ago

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 (sub-waves i-v) finished on May 5, and the wave two (sub-waves abc) correction ended on May 9. If this wave count is correct, Stratis should be heading next towards the May 5 peak in the wave three.

(Chart courtesy of Tradingview.com)

Zooming out in the four-hour chart, I believe Stratis is currently in the wave three (sub-wave three). The wave one began on March 10, and finished on April 15. The wave two correction ended on April 27.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Stratis will takeout the May 5 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Stratis will drop below the April 27 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 April 27 low and the May 5 peak until June 7".

You can upvote the comment until 3 PM EST May 13 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.

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Stratis will takeout the May 5 peak (13 voters as of 3 PM EST May 13: otisbrown, bleujay, simonjay, yefet, steemquestions, anotherjoe, eirik, daniel.dalo, avarice, mprgrmmr, ragnaros, andy23, abh12345).

weeee! Thanks!

You are welcome. Thank you for participating.

Stratis will drop below the April 27 low (4 voters as of 3 PM EST May 13: halo, ikilledcobain, starline, coolthings).

Stratis will stay in a trading range between the April 27 low and the May 5 peak until June 7 (2 voters as of 3 PM EST May 13: razorwave8, mirda).

This post has been ranked within the top 80 most undervalued posts in the second half of May 12. We estimate that this post is undervalued by $11.84 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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