Crypto Contest January 12: Status

Crypto Contest January 12: Status
January 12 13:02 2019

Status (Bittrex: SNTBTC) 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, Status 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, Status should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on the Ethereum Network. You can view their latest Town Hall from January  below.

(Sources: Status and YouTube)

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

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

If you think Status is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Status will stay in a trading range between the December 2018 low and the July 2018 peak until February 16”.

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

You can upvote the comment until 3 PM EST January 15 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) 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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About Article Author

Markus Aarnio
Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

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