Cryptocurrencies

Crypto Contest April 13: Cortex

Cortex (Bittrex: CTXCBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Cortex began a wave one (blue sub-waves i-ii-iii-iv-v) advance on February 18. The red wave one finished on April 1, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Cortex should be heading next towards the April 1 peak in the red wave three.

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

Funnymentals

Cortex is building the fundamental technologies that will decentralize AI and enable AI-powered Dapps on the blockchain. You can watch their intro video below.

(Sources: Cortex and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Cortex will takeout the April 1 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Cortex will drop below the February 18 low”.

If you think Cortex is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Cortex will stay in a trading range between the February 18 low and the April 1 peak until May 18”.

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

You can upvote the comment until 3 PM EST April 16 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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