Cryptocurrencies

Crypto Contest March 3: QLC Chain

QLC Chain (Binance: QLCBTC) 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, QLC began a wave one advance on December 9, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, QLC should be heading next towards the January 15 peak in the red wave three.

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

Funnymentals

QLC Chain is a public blockchain to enable decentralized Network-as-a-Service. Rock The Block Live interviewed the co-founder in October 2018.

(Sources: QLC Chain and YouTube)

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

If you think QLC is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “QLC will stay in a trading range between the December 2018 low and the January 2019 peak until April 7”.

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

You can upvote the comment until 3 PM EST March 6 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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