Crypto Contest November 14: SuperNET
SuperNET has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe SuperNET has completed one cycle from the June 16 low. The five wave advance finished on the September 1, and the three wave correction ended on the November 1. If this wave count is correct, SuperNET should be heading next towards the September 1 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, SuperNET is currently most likely in the wave three (sub-wave iii). The wave one started in the December 2015, and ended in the March 2016. The wave two correction finished on the June 16.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long SuperNET.
If you think this analysis is correct, upvote this post and upvote the comment "SuperNET will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "SuperNET will drop below the November 1 low".
You can upvote the comment until 3 PM EST November 15 and you can upvote only one comment. 100% of Steem (3.832 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
SuperNET will drop below the November 1 low (6 voters as of 3 PM EST November 15: bleujay, gregory-f, twinner, landofcrypto, jamesbrown, simonjay).
You won.
SuperNET will takeout the September 1 peak (11 voters as of 3 PM EST November 15: majes, anotherjoe, idnit, yefet, fccoin, jdbry, digit, idnit1, mistere, freemit, mrfoot).
This post has been ranked within the top 50 most undervalued posts in the first half of Nov 14. We estimate that this post is undervalued by $6.11 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Nov 14 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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