Crypto Contest December 30: Synereo
Synereo has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Synereo began a wave one advance on December 29 at 0.00003602 in the one-hour chart. The wave one finished on December 29 at 0.00003754, and the wave two correction ended on December 29 at 0.00003643. The wave three advance finished on December 29 at 0.00004339, and the wave four correction ended on December 29 at 0.00003777. I believe Synereo is currently in the wave five, which should takeout the wave three peak.
(Chart courtesy of Tradingview.com)
Looking at the two-hour chart, Synereo started wave one on December 28. The wave one finished later on December 28, and the wave two correction ended on December 29. Synereo is currently most likely in the wave three, which is not yet finished. If this wave count is correct, Synereo should be heading higher towards the December 11 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Synereo.
If you think this analysis is correct, upvote this post and upvote the comment "Synereo will takeout the December 11 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Synereo will drop below the December 28 low".
If you think Synereo is in a range, upvote this post and upvote the comment "Synereo will stay in a trading range between the December 28 low and the December 11 peak until January 27, 2017".
You can upvote the comment until 3 PM EST December 31 and you can upvote only one comment. 200% of Steem (2 X 0.675 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.
Synereo will stay in a trading range between the December 28 low and the December 11 peak until January 27, 2017 (4 voters as of 3 PM EST December 31: helikopterben, yefet, spinbunny, bigb).
You won.
Synereo will drop below the December 28 low (21 voters as of 3 PM EST December 31: bleujay, daveks, gregory-f, twinner, landofcrypto, nextgen622, majes, anotherjoe, inertia, idnit, jdbry, garvofe, digit, idnit1, idnit9, steemradio, mrfoot, fortinbuff, legends, tamersameeh, angels).
Synereo will takeout the December 11 peak (3 voters as of 3 PM EST December 31: otisbrown, bradenford, soundmoney).
This post has been ranked within the top 50 most undervalued posts in the second half of Dec 30. We estimate that this post is undervalued by $8.19 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Dec 30 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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