Cryptocurrencies

Crypto Contest March 19: Achain

Achain (Huobi: ACTUSDT) 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, Achain began a wave one advance on January 11 this year. The red wave one finished on January 13, and the red wave two correction ended on January 28. The red wave three advance finished on February 23, and the red wave four correction ended on March 11. If this wave count is correct, Achain should be heading next towards the February 23 peak in the red wave five.

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

Funnymentals

Achain is a public blockchain platform that enables developers to issue tokens, smartcontracts, create applications and blockchain systems. You can watch their latest AMA below.

(Sources: Achain and YouTube)

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

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

If you think Achain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Achain will stay in a trading range between the January low and the February peak until April 23”.

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

You can upvote the comment until 3 PM EST March 22 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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