Cryptocurrencies

Crypto Contest February 17: Storj

Storj (Bittrex: STORJUSD) 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, Storj began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Storj should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Crypto Beadles interviewed the CTO earlier this month.

(Sources: Storj and YouTube)

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

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

If you think Storj is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Storj will stay in a trading range between the December 2018 low and the April 2018 peak until March 24”.

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

You can upvote the comment until 3 PM EST February 20 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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