Crypto Contest March 20: LinkEye
LinkEye (Huobi: LETUSDT) 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, LinkEye began a wave one advance on January 28 this year. The red wave one finished on February 24, and the red wave two correction ended on March 4. The red wave three advance finished on March 10, and the red wave four correction ended on March 14. If this wave count is correct, LinkEye should be heading next towards the March 10 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe LinkEye is currently in the red wave three (blue sub-wave v). The red wave three began on January 28.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
LinkEye is digital assets financial service platform based on credit. You can view their February progress report here.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "LinkEye will takeout the March 10 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "LinkEye will drop below the January 28 low".
If you think LinkEye is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "LinkEye will stay in a trading range between the January 28 low and the March 10 peak until April 24".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST March 23 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).
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
LinkEye will stay in a trading range between the January 28 low and the March 10 peak until April 24 (19 voters as of 3 PM EST March 23: bleujay, bentleycapital, gregory-f, ace108, abh12345, mellofello, vicspics, kunschj, crokkon, steem-d-anlovnit, mitrado, fullcoverbetting, jznsamuel, harryp3, simonjay, diogosantos, novus-locus, simplylars, mgood).
LinkEye will takeout the March 10 peak (7 voters as of 3 PM EST March 23: freiheit50, steemit.nemesis, allyouneedtoknow, reconnectnature, bitbrain, toofasteddie, galasek).
You won. Paid out from @maarnio1
LinkEye will drop below the January 28 low (4 voters as of 3 PM EST March 23: diana.feuerberg, barbadosso, skepticology, sporttr).
Looking positive - the market is now supporting positivity again so I'm voting bullish.
Good bet!
We shall see...
I´m still very confident that won't be many significant price changes in the near future (1 month), so I'm keeping my votes consistent.
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