Crypto Contest May 21: Zilliqa

Zilliqa (ZILBTC) 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, Zilliqa began a wave one advance on March 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 18. If this wave count is correct, Zilliqa should be heading next towards the May 10 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Zilliqa is designed to scale to thousands ​of transactions per second. CryptoCandor published a coin review on May 1.

(Sources: https://www.zilliqa.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zilliqa will takeout the May 10 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zilliqa will drop below the March 9 low".

If you think Zilliqa is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zilliqa will stay in a trading range between the March 9 low and the May 10 peak until June 26".

You can upvote the comment until 3 PM EST May 24 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.