Crypto Contest July 14: Sequence
Sequence (SEQUSD) 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, Sequence began a wave one advance in January 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, Sequence should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Sequence (SEQ) is Duality’s tokenized-asset that is hedged as collateral against Dynamic (DYN) to ensure market independence through supply control. TripJammer explains this dynamic in more detail.
(Sources: https://duality.solutions/sequence/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sequence will takeout the April 14 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sequence will drop below the October 15, 2017 low".
If you think Sequence is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Sequence will stay in a trading range between the October 15, 2017 low and the April 14 peak until August 18".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST July 17 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.
Sequence will stay in a trading range between the October 15, 2017 low and the April 14 peak until August 18 (22 voters as of 3 PM EST July 17: bleujay, bentleycapital, novus-locus, soundmoney, simonjay, toofasteddie, starline, revelationquotes, rothberg, tzap90, cryptotem, steem-d-anlovnit, photoquote, mirda, diogosantos, costanza, sanjay91422, portillo, richard78624, galasek, askeb, andy23).
Sequence will drop below the October 15, 2017 low (16 voters as of 3 PM EST July 17: sqlinsix, gregory-f, skepticology, abh12345, vicspics, freiheit50, kunschj, steemcollator, milano1113, catchup, coolthings, flemingfarm, mgood, mitrado, ragnaros, nzl19500).
Sequence will drop below the October 15, 2017 low
You won. Paid out from @maarnio1
Sequence will takeout the April 14 peak (6 voters as of 3 PM EST July 17: lydon.sipe, allyouneedtoknow, steemit.nemesis, crokkon, nordina, sporttr).
Despite the last changes in price I still think this coin is a little bit overvalued, so I'm considering if I really should vote for it to stay in range or dropping 2 cents (20%), below October 15, 2017.
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