Crypto Contest January 31: VeChain
VeChain (VENBTC) 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, VEN began a wave one advance on November 30, 2017. The red wave one finished on December 5, 2017, and the red wave two correction ended on December 7, 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 22 this year, and the red wave four correction ended on January 30. If this wave count is correct, VEN should be heading next towards the January 22 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The website is currently offline. There is the following tweet from the VeChain Foundation:
(Sources: https://www.vechain.com/ and https://twitter.com/vechainofficial)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "VEN will takeout the January 22 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "VEN will drop below the December 7, 2017 low".
If you think VEN is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "VEN will stay in a trading range between the December 7, 2017 low and the January 22 peak until March 3".
You can upvote the comment until 3 PM EST February 1 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 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.
VEN will stay in a trading range between the December 7, 2017 low and the January 22 peak until March 3 (37 voters as of 3 PM EST February 1: helikopterben, heroic15397, bentleycapital, glennolua, freiheit50, simonjay, kanoe, yefet, gregory-f, abh12345, lucasgabd, flemingfarm, komischername, catena, me-do, cryptotem, themovieplace, coolthings, ahinga, mirda, tzap90, cassidyandfranks, barbadosso, andy23, libert, helex, freskil, utkarshvarma, maverick0524, huasipi, gunpla101, kalio, amfid4846, karadere, gergi6a, steemit-up, faisalazmi).
What do you think about Sonm token ?
I will monitor it.
You won.
VEN will takeout the January 22 peak (34 voters as of 3 PM EST February 1: steemquestions, eirik, soundmoney, digitalking, jznsamuel, allyouneedtoknow, dirty.hera, sanjay91422, crokkon, toofasteddie, reconnectnature, kunschj, japanguide, beiker, criptorafa, qmarpot, richard78624, koskl, mihail.tsvetkov, ragnaros, sevinwilson, mehta, incrediblesnow, portillo, acehnature, elisablogs, diogosantos, abhicrypto, margaritaradkova, goldentrainlotto, abnurmulya03, trollo, heidelbaer, albinormaydii).
VEN will drop below the December 7, 2017 low (8 voters as of 3 PM EST February 1: sqlinsix, gunsmithing, dlina-v-metrah, mgood, starline, paul.atreides, nordina, elice).
👍👍👍👍👍👍
Thanks beautypics.
I like vechain has not stopped climbing positions in the rank against all odds despite the market corrections
It is a small miracle.
Vechain is my top pick of 2018 . The partnerships they have is huge.
You don't believe that how much you are useful for us because you are giving us cryptocurrency news every day. I love the way you are sharing your knowledge with us.
That's why I'm coming on your profile again and again. Keep sharing such news with us. :)
Thank you vivanpatil.
Nice words.
Excellent writing, a greeting friend
VEN will takeout the Janiary 22 peak.