Crypto Contest February 28: Synereo
Synereo (AMPUSD) 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, Synereo began a wave one advance on September 15, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Synereo should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Synereo is currently in the red wave three (blue sub-wave iii). The red wave three began on September 15, 2017.
(Chart courtesy of Tradingview.com (log scale))
In the monthly chart, Synereo is most likely in the red wave three (blue sub-wave iii). The blue sub-wave three began on September 15, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Synereo tries to do something similar to Steemit. Here is a video which shows how to use Synereo's WildSpark to earn cryptocurrency. The video was published on February 26 by Digital Academy.
(Sources: https://www.synereo.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Synereo will takeout the January 9 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Synereo will drop below the September 15, 2017 low".
If you think Synereo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Synereo will stay in a trading range between the September 15, 2017 low and the January 9 peak until April 5".
You can upvote the comment until 3 PM EST March 3 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.
Synereo will stay in a trading range between the September 15, 2017 low and the January 9 peak until April 5 (31 voters as of 3 PM EST March 3: helikopterben, gregory-f, soundmoney, heroic15397, glennolua, allyouneedtoknow, jznsamuel, sanjay91422, flemingfarm, toofasteddie, misalen, steemit.nemesis, reconnectnature, miniature-tiger, mister.green, mgood, mark.feuerborn, me-do, qmarpot, catena, kunschj, diogosantos, richard78624, neo-wiza, portillo, yefet, ilovefashion, paul.atreides, criptorafa, cryptocrusaders, elisablogs).
Thank you for information. I'm beginner hehe
You won.
Synereo will takeout the January 9 peak (25 voters as of 3 PM EST March 3: steemquestions, bentleycapital, fitinfun, simonjay, anetchen, eirik, crokkon, bxlphabet, lucasgabd, ahinga, komischername, themovieplace, carlosdaniel, starline, cryptotem, koskl, mihail.tsvetkov, cmoljoe, costanza, ragnaros, andy23, margaritaradkova, nordina, akandadelwar, utkarshvarma).
Synereo will drop below the September 15, 2017 low (13 voters as of 3 PM EST March 3: bleujay, sqlinsix, freiheit50, dlina-v-metrah, gunsmithing, coolthings, mirda, barbadosso, libert, photo-moment, acehnature, abhicrypto, beiker).
With the 10 Year UST future nearing 119.5, outside of central bank intervention, curious what you think of the 5 year chart? Looks like a pretty bearish setup from the 134 price since the middle of 2016, even if there is a temporary bounce.
I would be looking to buy down here. I don't think we go much below 118.
Right now, I think it is too greedy to say that AMP will take out the Jan 9 peak.