Crypto Contest April 13: Cortex
Cortex (Bittrex: CTXCBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Cortex began a wave one (blue sub-waves i-ii-iii-iv-v) advance on February 18. The red wave one finished on April 1, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Cortex should be heading next towards the April 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Cortex is building the fundamental technologies that will decentralize AI and enable AI-powered Dapps on the blockchain. You can watch their intro video below.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cortex will takeout the April 1 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cortex will drop below the February 18 low".
If you think Cortex is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Cortex will stay in a trading range between the February 18 low and the April 1 peak until May 18".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST April 16 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).
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Cortex will takeout the April 1 peak (8 voters as of 3 PM EST April 16: bleujay, bentleycapital, barbadosso, steemit.nemesis, kunschj, simonjay, richard78624, sporttr).
Cortex will stay in a trading range between the February 18 low and the April 1 peak until May 18 (10 voters as of 3 PM EST April 16: freiheit50, gregory-f, allyouneedtoknow, mellofello, reconnectnature, toofasteddie, ace108, steem-d-anlovnit, jznsamuel, diogosantos).
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Cortex will drop below the February 18 low (8 voters as of 3 PM EST April 16: sqlinsix, diana.feuerberg, vicspics, votum, galasek, mitrado, funnel, mgood).
You won.