Crypto Contest July 16: Theta Token
Theta Token (THETABTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Theta Token began a wave one advance on June 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 27, and the red wave two (blue sub-waves a-b-c) correction ended on July 11. If this wave count is correct, Theta Token should be heading next towards the June 27 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Theta is a decentralized video delivery network powered by users. CrypChronicles TV interviewed Wes Levitt, Head of Strategy for Theta on June 14.
(Sources: https://www.thetatoken.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will takeout the June 27 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will drop below the June 24 low".
If you think Theta is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Theta will stay in a trading range between the June 24 low and the June 27 peak until August 20".
You can upvote the comment until 3 PM EST July 19 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.
Theta will takeout the June 27 peak (15 voters as of 3 PM EST July 19: bleujay, bentleycapital, novus-locus, lydon.sipe, kunschj, freiheit50, crokkon, reconnectnature, koskl, punjolife, karadere, beiker, rehan12, nordina, sporttr).
Theta will drop below the June 24 low (12 voters as of 3 PM EST July 19: sqlinsix, gregory-f, skepticology, abh12345, jznsamuel, steemit.nemesis, milano1113, tzap90, mgood, marverick984, portillo, nzl19500).
You won. Paid out from @maarnio1
Theta will stay in a trading range between the June 24 low and the June 27 peak until August 20 (36 voters as of 3 PM EST July 19: glennolua, soundmoney, misalen, kanoe, simonjay, allyouneedtoknow, starline, komischername, toofasteddie, rothberg, barbadosso, steem-d-anlovnit, lucasgabd, mike11, mirda, diogosantos, amity123, revelationquotes, cryptotem, biomanu, pario, catchup, techlife, mitrado, chotho, costanza, flemingfarm, nicolaepavelean, richard78624, coolthings, galasek, harryp3, criptorafa, askeb, ragnaros, andy23).
I use their platform everyday, and I must say that I love it, especially if you like to make money while watching live streams. And I´m not even talking about the Token, you can receive dollars and prizes for games just by watching and opening their case drops.