Cryptocurrencies

Crypto Contest February 23: Tezos

Tezos (Bitfinex: XTZUSD) 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, Tezos began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Tezos should be heading next towards the December 24, 2018 peak in the red wave three.

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

Funnymentals

Tezos is a multi-purpose platform that supports dApps and smart contracts. The Crypto Lark interviewed the founder earlier this year.

(Sources: Tezos and YouTube)

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

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

If you think Tezos is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Tezos will stay in a trading range between the December 2018 low and the December 2018 peak until March 30”.

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

You can upvote the comment until 3 PM EST February 26 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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