Crypto Contest June 8: BLOCKv
BLOCKv (VEEBTC) 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, BLOCKv began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 23, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, BLOCKv should be heading next towards the April 23 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
BLOCKv started trading on Bittrex only in February. One can see the full history at CoinMarketCap. I believe BLOCKv is currently in the red wave three.
(Chart courtesy of coinmarketcap.com)
Funnymentals
BLOCKv provides smart virtual goods on the blockchain. Coin FOMO featured the coin earlier this year.
(Sources: https://blockv.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "BLOCKv will takeout the April 23 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "BLOCKv will drop below the March 18 low".
If you think BLOCKv is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "BLOCKv will stay in a trading range between the March 18 low and the April 23 peak until July 14".
You can upvote the comment until 3 PM EST June 11 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.
BLOCKv will stay in a trading range between the March 18 low and the April 23 peak until July 14 (43 voters as of 3 PM EST June 11: me-tarzan, glennolua, soundmoney, simonjay, komischername, jznsamuel, misalen, scootbuttons, revelationquotes, cryptotem, lucasgabd, kunschj, jlordc, steem-d-anlovnit, costanza, reconnectnature, starline, rothberg, diogosantos, toofasteddie, lasper, liberton, mirda, richard78624, nicolaepavelean, karadere, photoquote, coolthings, mihail.tsvetkov, galasek, amity123, mike11, ragnaros, andy23, askeb, mitrado, biomanu, pario, techlife, chotho, easymoney202, sljivanono, neo-wiza).
Yeiiiii, I was the first to vote on this one! :-D
Good luck!!
BLOCKv will drop below the March 18 low (17 voters as of 3 PM EST June 11: sqlinsix, gregory-f, skepticology, abh12345, allyouneedtoknow, mgood, vicspics, barbadosso, themovieplace, koskl, catchup, flemingfarm, portillo, nordina, stalexmkl, nzl19500, punjolife).
You won.
BLOCKv will takeout the April 23 peak (10 voters as of 3 PM EST June 11: lydon.sipe, bxlphabet, ace108, steemcollator, fitinfun, crokkon, steemit.nemesis, sporttr, marverick984, cosminblaga).
BLOCKv will takeout the April 23 peak
Good one, @Maarnio. It's good to see you keep at these. Do you remember us chatting about TIMM about a year or so ago? It's here!
Upvoted by the growing TIMM trail and resteemed. Soon you'll be able to post these articles on TIMM, a new Steem based interface designed especially for traders, investors and analysts, complete with tools to help you monetize your expertise. Check out our recent announcement and hop into our Discord server if it interests you.
Hi Maarnio. I was the one reaching out to you last year. Let me know what you think.
Hi anotherjoe.
Joined the TIMM trail and Discord.
Happy to see my post at your site!
BLOCKv isn't a project that I follow, so I think my prediction is a little bit messed up... hope to get it right, but not confident at all!
It will stay in trading range.