Crypto Contest December 6: Haven Protocol
Haven Protocol (Bittrex: XHVBTC) 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, Haven began a wave one advance on October 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 12, and the red wave two (blue sub-waves a-b-c) correction ended on November 25. If this wave count is correct, Haven should be heading next towards the November 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Haven Protocol is an ecosystem of multiple fully decentralized and private stable coins. Seth Estrada interviewed the lead developer back in the summer.
(Sources: https://www.havenprotocol.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Haven will takeout the November 12 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Haven will drop below the October 12 low".
If you think Haven is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Haven will stay in a trading range between the October 12 low and the November 12 peak until January 10, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST December 9 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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Haven will drop below the October 12 low (9 voters as of 3 PM EST December 9: bleujay, sqlinsix, bentleycapital, skepticology, barbadosso, vicspics, reconnectnature, jznsamuel, sporttr).
You won. Paid out from @maarnio1
Haven will stay in a trading range between the October 12 low and the November 12 peak until January 10, 2019 (14 voters as of 3 PM EST December 9: ace108, gregory-f, diana.feuerberg, mellofello, toofasteddie, freiheit50, soundmoney, crokkon, steem-d-anlovnit, kunschj, diogosantos, simonjay, fullcoverbetting, richard78624).
Haven will takeout the November 12 peak (4 voters as of 3 PM EST December 9: abh12345, steemit.nemesis, lydon.sipe, galasek).
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