Crypto Contest September 16: Wanchain
Wanchain (WANBTC) 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, Wanchain began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended September 12. If this wave count is correct, Wanchain should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Wanchain is a distributed financial infrastructure that seamlessly connects blockchain networks together. Crypto Bros reviewed the project last month.
(Sources: https://wanchain.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will drop below the August 14 low".
If you think Wanchain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will stay in a trading range between the August 14 low and the September 1 peak until October 21".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST September 19 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).
Bonus 1
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.
Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Wanchain will drop below the August 14 low (14 voters as of 3 PM EST September 19: bleujay, sqlinsix, bentleycapital, novus-locus, vicspics, milano1113, misalen, steemit.nemesis, barbadosso, amity123, mike11, pario, galasek, sporttr).
Wanchain will stay in a trading range between the August 14 low and the September 1 peak until October 21 (27 voters as of 3 PM EST September 19: skepticology, gregory-f, abh12345, positivebalances, glennolua, mellofello, soundmoney, simonjay, crokkon, jznsamuel, allyouneedtoknow, tzap90, starline, mgood, steem-d-anlovnit, chotho, dine77, techlife, biomanu, lucasgabd, costanza, themovieplace, mitrado, mirda, nzl19500, criptorafa, coolthings).
You won. Paid out from @maarnio1
Wanchain will takeout the September 1 peak (11 voters as of 3 PM EST September 19: cryptotem, freiheit50, kunschj, reconnectnature, lydon.sipe, marverick984, toofasteddie, punjolife, fullcoverbetting, janine-ariane, trincowski).
It will depend on the evolution of the entire crypto market, especially BTC. But I really like what Wanchain want to do and I think their team is pretty good. I was very close of investing in their ICO.
This is one of the ICOs I got in, and was lucky enough to double my investment and still keep a few hundred tokens. 😁
👍👍👍👍👍👍
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