Crypto Contest June 18: Blox
Blox (CDTBTC) 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, Blox began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 2, and the red wave two (blue sub-waves a-b-c) correction ended on June 13. If this wave count is correct, Blox should be heading next towards the May 2 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Blox is currently in the red wave three (blue sub-wave iii). The red wave three began on March 18.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Blox is a platform for portfolio tracking and blockchain asset management. Crypto Bros reviewed the token on May 31.
(Sources: https://blox.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blox will takeout the May 2 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blox will drop below the March 18 low".
If you think Blox is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blox will stay in a trading range between the March 18 low and the May 2 peak until July 24".
You can upvote the comment until 3 PM EST June 21 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.
Blox will stay in a trading range between the March 18 low and the May 2 peak until July 24 (46 voters as of 3 PM EST June 21: bleujay, simonjay, gregory-f, bentleycapital, skepticology, glennolua, costanza, komischername, misalen, allyouneedtoknow, jznsamuel, kunschj, toofasteddie, revelationquotes, starline, barbadosso, koskl, steem-d-anlovnit, rothberg, ahinga, diogosantos, nicolaepavelean, catchup, mike11, amity123, mirda, flemingfarm, richard78624, liberton, biomanu, techlife, galasek, chotho, portillo, pario, borban, lovetaxi005 (did not vote main post), what-is-life, nordina, askeb, andy23, mihail.tsvetkov, photoquote, alexandra2000, stalexmkl, mitrado).
Blox will drop below the March 18 low (11 voters as of 3 PM EST June 21: sqlinsix, dlina-v-metrah, mgood, reconnectnature, milano1113, vicspics, punjolife, tzap90, coolthings, ragnaros, nzl19500).
Blox will takeout the May 2 peak (10 voters as of 3 PM EST June 21: crokkon, steemit.nemesis, cryptotem, lucasgabd, marverick984, fullcoverbetting, sporttr, utkarshvarma, beiker, cosminblaga).
A very interesting article I recommend