Crypto Contest April 6: Incent
Incent (INCNTUSD) 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, Incent began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Incent should be heading next towards the January 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Incent is currently in the red wave three (blue sub-wave iii). The red wave three began on November 2, 2017.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, Incent is most likely in the red wave three (blue sub-wave iii). The blue sub-wave three began on November 2, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Incent lets you earn rewards, just for spending time online. In the following video you can find out how?
(Sources: https://www.incentloyalty.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Incent will takeout the January 5 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Incent will drop below the November 2, 2017 low".
If you think Incent is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Incent will stay in a trading range between the November 2, 2017 low and the January 5 peak until May 12".
You can upvote the comment until 3 PM EST April 9 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.
Incent will stay in a trading range between the November 2, 2017 low and the January 5 peak until May 12 (38 voters as of 3 PM EST April 9: helikopterben, gregory-f, positivebalances, sanjay91422, heroic15397, allyouneedtoknow, simonjay, glennolua, revelationquotes, crokkon, toofasteddie, mgood, rothberg, komischername, reconnectnature, flemingfarm, themovieplace, cryptotem, starline, diogosantos, ahinga, mirda, costanza, qmarpot, coolthings, richard78624, kunschj, portillo, nordina, cmoljoe, poti, ragnaros, andy23, mihail.tsvetkov, ilovefashion, stalexmkl, elisablogs, neo-wiza).
You won.
Incent will takeout the January 5 peak (15 voters as of 3 PM EST April 9: bleujay, steemquestions, lydon.sipe, bentleycapital, fitinfun, ace108, bxlphabet, steemit.nemesis, jznsamuel, me-do, lucasgabd, koskl, galasek, criptorafa, utkarshvarma).
Incent will drop below the November 2, 2017 low (10 voters as of 3 PM EST April 9: sqlinsix, freiheit50, skepticology, abhicrypto, barbadosso, libert, tzap90, photo-moment, beiker, gunsmithing).
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I think incent will takeout.
It low at november and peak until half of may .@maarnio