Cryptocurrencies

Crypto Contest February 22: Ubiq

Ubiq (Bittrex: UBQBTC) has broken out of the wedge pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Ubiq 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 this month. If this wave count is correct, Ubiq should be heading next towards the June 2017 peak in the red wave three.

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

Funnymentals

Ubiq is built upon an improved version of the Ethereum codebase, putting stability at its core. Crypto Academy reviewed the coin last year.

(Sources: Ubiq and YouTube)

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

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ubiq will drop below the February 12, 2019 low”.

If you think Ubiq is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Ubiq will stay in a trading range between the February 12, 2019 low and the November 2018 peak until March 29”.

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

You can upvote the comment until 3 PM EST February 25 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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