Cryptocurrencies

Crypto Contest February 11: Ark

Ark (Bittrex: ARKBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Ark began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in September 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Ark should be heading next towards the September 2017 peak in the red wave three.

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

Funnymentals

Ark aims to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. You can view their official presentation from October 2018 below.

(Sources: Ark and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ark will takeout the May 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ark will drop below the December 2018 low”.

If you think Ark is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ark will stay in a trading range between the December 2018 low and the May 2018 peak until March 18”.

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

You can upvote the comment until 3 PM EST February 14 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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