Cryptocurrencies

Crypto Contest March 21: Smartshare

Smartshare (Huobi: SSPBTC) 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, Smartshare began a wave one advance on November 5, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 27 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 8. If this wave count is correct, Smartshare should be heading next towards the January 27 peak in the red wave three.

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

Funnymentals

Smartshare is a blockchain-based IoT ecosystem with 150,000 smart devices connected. You can view their official introduction video below.

(Sources: Smartshare and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Smartshare will takeout the January 2019 peak”.

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

If you think Smartshare is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Smartshare will stay in a trading range between the November 2018 low and the January 2019 peak until April 25”.

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

You can upvote the comment until 3 PM EST March 24 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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