Cryptocurrencies

Crypto Contest April 10: OriginTrail

OriginTrail (Bittrex: TRACBTC) 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, OriginTrail began a wave one (blue sub-waves i-ii-iii-iv-v) advance on March 15. The red wave one finished on March 26, and the red wave two (blue sub-waves a-b-c) correction ended on April 8. If this wave count is correct, OriginTrail should be heading next towards the March 26 peak in the red wave three.

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

Funnymentals

OriginTrail is blockchain-powered data exchange protocol for interconnected supply chains. BlockchainBrad interviewed the founders back in January this year.

(Sources: OriginTrail and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “OriginTrail will takeout the March peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “OriginTrail will drop below the March low”.

If you think OriginTrail is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “OriginTrail will stay in a trading range between the March low and the March peak until May 15”.

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

You can upvote the comment until 3 PM EST April 13 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).

Bonus 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card 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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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