Cryptocurrencies

Crypto Contest March 8: Enigma

Enigma (Bittrex: ENGBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Enigma began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Enigma should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enigma is building a privacy layer for the decentralized web. You can read their latest Twitter AMA below (link).

(Sources: Enigma and Blog)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Enigma will takeout the September 2018 peak".

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

If you think Enigma is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Enigma will stay in a trading range between the December 2018 low and the September 2018 peak until April 12".

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

You can upvote the comment until 3 PM EST March 11 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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