Crypto Contest August 1: Swarm City

Swarm City (SWTUSD) 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, Swarm City began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended on July 12 this year. If this wave count is correct, Swarm City should be heading next towards the June 2017 peak in the red wave three.

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

Funnymentals

Swarm City is a commerce platform. Here is the official teaser video.

(Sources: https://swarm.city/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Swarm City will takeout the April 24 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Swarm City will drop below the July 12 low".

If you think Swarm City is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Swarm City will stay in a trading range between the July 12 low and the April 24 peak until September 5".

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

You can upvote the comment until 3 PM EST August 3 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.