Crypto Contest June 3: Blocknet

in #blocknet6 years ago (edited)

Blocknet (BLOCKUSD) has broken out of the triangle pattern in the daily chart.
nimetön.png
(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Blocknet began a wave one advance in November 2015. The red wave one finished in September 2016, and the red wave two correction ended in January 2017. The red wave three advance finished on January 29, and the red wave four correction ended on April 5. If this wave count is correct, Blocknet should be heading next towards the January 29 peak in the red wave five.
nimetön2.png
(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Blocknet is the internet of blockchains. Crypto Zombie interviewed the project coordinator Hanni Abu on May 24.

(Sources: https://www.blocknet.co/ and YouTube)
steemverify.png
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocknet will takeout the January 29 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocknet will drop below the April 5 low".

If you think Blocknet is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Blocknet will stay in a trading range between the April 5 low and the January 29 peak until July 9".

You can upvote the comment until 3 PM EST June 6 and you can upvote only one comment. 50% of 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

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.

Sort:  

Blocknet will takeout the January 29 peak (27 voters as of 3 PM EST June 6: bleujay, bentleycapital, ace108, skepticology, glennolua, positivebalances, bxlphabet, lydon.sipe, fitinfun, crokkon, flemingfarm, cryptotem, barbadosso, komischername, lucasgabd, onealfa, toofasteddie, koskl, portillo, catchup, coolthings, nordina, mihail.tsvetkov, andy23, cosminblaga, criptorafa, nzl19500).

Blocknet will stay in a trading range between the April 5 low and the January 29 peak until July 9 (27 voters as of 3 PM EST June 6: gregory-f, soundmoney, simonjay, mgood, misalen, rothberg, michaelluchies, jznsamuel, reconnectnature, revelationquotes, kunschj, costanza, steem-d-anlovnit, diogosantos, cryptoburner, mirda, richard78624, nicolaepavelean, photoquote, galasek, ragnaros, mitrado, stalexmkl, funnel, easymoney202, neo-wiza, cmoljoe).

For those who are not much familiar with BLOCKNET , this may be a good article to read:
https://statrader.com/blocknet-review/

Enjoy.

Blocknet will drop below the April 5 low (10 voters as of 3 PM EST June 6: sqlinsix, ingapete, vicspics, steemit.nemesis, starline, karadere, sporttr, jozef230, sljivanono, photo-moment).

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