Crypto Contest September 4: Tokes
Tokes (TKSUSD) 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, Tokes began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 13. If this wave count is correct, Tokes should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Tokes platform provides blockchain solutions for the cannabis industry. You can view the Tokes documentary published on August 7 below.
(Sources: https://tokesplatform.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Tokes will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Tokes will drop below the August low".
If you think Tokes is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Tokes will stay in a trading range between the August low and the April peak until October 9".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 7 and you can upvote only one comment. 50% of liquid STEEM + 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.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Tokes will stay in a trading range between the August low and the April peak until October 9 (29 voters as of 3 PM EST September 7: bleujay, bentleycapital, gregory-f, novus-locus, glennolua, soundmoney, abh12345, positivebalances, toofasteddie, jznsamuel, koskl, crokkon, misalen, kunschj, cryptotem, starline, mgood, barbadosso, komischername, mike11, costanza, criptorafa, themovieplace, steem-d-anlovnit, lucasgabd, mitrado, rothberg, karadere, richard78624).
You won. Paid out from @maarnio1
Thank you for posting @maarnio.
Steemians appreciate these contests and the information.
Interesting name for this token.....it seems an easy name to remember.....perhaps that will assist.....right?
Wishing you and yours all the best.
Cheers!
Very kind of you to reSteem my posts......thank you.
You are welcome bleujay.
I don't know how they came up with the name "Tokes".
Thank you for the support and all the best to you as well.
Tokes will drop below the August low (7 voters as of 3 PM EST September 7: sqlinsix, diana.feuerberg, vicspics, milano1113, reconnectnature, dine77, sporttr).
Tokes will takeout the April peak (4 voters as of 3 PM EST September 7: skepticology, steemit.nemesis, galasek, catchup).
This is one of those coins I had no knowledge about, once again thank you for introducing it to me.
I'm pointing it to stay in trading range!