Crypto Contest January 9: Hydro

January 09 13:09 2019

Hydro (Bittrex: HYDROBTC) 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, Hydro began a wave one advance on September 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 2, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 7 this year. If this wave count is correct, Hydro should be heading next towards the October 2, 2018 peak in the red wave three.

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

Funnymentals

Hydro is a decentralized ecosystem using cutting-edge cryptography to secure user accounts, identities, and transactions. You can view their platform presentation from September 2018 below.

(Sources: Hydro and YouTube)

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

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

If you think Hydro is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Hydro will stay in a trading range between the September 2018 low and the October 2018 peak until February 13”.

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

You can upvote the comment until 3 PM EST January 12 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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