Crypto Contest April 27: Bancor
bancor·@maarnio·
0.000 HBDCrypto Contest April 27: Bancor
Bancor (BNTUSD) has broken out of the triangle pattern in the daily chart. https://s7.postimg.cc/m6uhlwvzv/nimet_n.png (*Chart courtesy of Tradingview.com (log scale)*) **Elliott Wave Analysis** In Elliott Wave terms, Bancor began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 10 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 30. If this wave count is correct, Bancor should be heading next towards the January 10 peak in the red wave three. https://s7.postimg.cc/3v3u4pxmj/nimet_n3.png (*Chart courtesy of Tradingview.com (log scale)*) Looking at the weekly chart, I believe Bancor is currently in the red wave three (blue sub-wave iii). The red wave three began on November 12, 2017. https://s7.postimg.cc/g9qm5ahhn/nimet_n4.png (*Chart courtesy of Tradingview.com (log scale)*) **Funnymentals** Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to buy and sell tokens directly through their wallets. Crypto Beadles published a good video earlier this month about the project and what to expect. https://youtu.be/2d-J-Mo2pgU (*Sources: https://about.bancor.network/ and [YouTube](https://youtu.be/2d-J-Mo2pgU)*)  If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will takeout the January 10 peak" If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will drop below the March 30 low". If you think Bancor is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Bancor will stay in a trading range between the March 30 low and the January 10 peak until June 2". You can upvote the comment until 3 PM EST April 30 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.
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