Crypto Contest May 10: Time New Bank
Time New Bank (TNBBTC) 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, Time New Bank began a wave one advance on December 15, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 9. If this wave count is correct, Time New Bank should be heading next towards the January 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
MiaoA International Timechain (M.I.T) is a precision time-value transmission network which enables the valuation of the time assets belonging to individuals and/or corporations. Decentralized TV featured the token on April 17.
(Sources: https://tnb.fund/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Time New Bank will takeout the January 8 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Time New Bank will drop below the March 9 low".
If you think Time New Bank is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Time New Bank will stay in a trading range between the March 9 low and the January 8 peak until June 15".
You can upvote the comment until 3 PM EST May 13 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.
Time New Bank will takeout the January 8 peak (14 voters as of 3 PM EST May 13: bleujay, lydon.sipe, bentleycapital, sanjay91422, me-do, vicspics, koskl, barbadosso, libert, carlosdaniel, catchup, harryp3, cosminblaga, jozef230).
Time New Bank will drop below the March 9 low (12 voters as of 3 PM EST May 13: sqlinsix, gregory-f, revelationquotes, skepticology, scootbuttons, steemit.nemesis, ahinga, reconnectnature, sporttr, nordina, askeb, elisablogs).
Time New Bank will stay in a trading range between the March 9 low and the January 8 peak until June 15 (34 voters as of 3 PM EST May 13: glennolua, simonjay, misalen, abh12345, flemingfarm, mgood, jznsamuel, rothberg, komischername, steem-d-anlovnit, lucasgabd, cryptotem, nicolaepavelean, starline, toofasteddie, portillo, richard78624, costanza, diogosantos, mirda, kunschj, coolthings, amity123, karadere, mihail.tsvetkov, utkarshvarma, andy23, galasek, mitrado, stalexmkl, ragnaros, criptorafa, easymoney202, heidelbaer).
Very hard to know how the markets will react to next week, everything points to a bull run of BTC, which means all the other coins will go up too.
How much is the question, normally, in %, more than BTC.