Crypto Contest April 30: Cartesi

in #blockchain4 years ago

Cartesi (Binance: CTSIUSDT) 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, CTSI began a wave one advance on April 23. The red wave one finished on the same day, and the red wave two (blue sub-waves a-b-c) correction ended on April 27. If this wave count is correct, CTSI should be heading next towards the April 23 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Cartesi offers a Linux runtime environment for blockchain DApps. You can watch their intro video below.

(Sources: https://cartesi.io/)

How Will Cartesi Trade?

Cartesi (Binance: CTSIUSDT) four-hour chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

CTSI will takeout the April 23 peak

CTSI will drop below the April 23 low

CTSI will stay in a trading range between the April 23 low and the April 23 peak until June 3

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CTSI will stay in a trading range between the April 23 low and the April 23 peak until June 3

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CTSI will stay in a trading range between the April 23 low and the April 23 peak until June 3

CTSI will stay in a trading range between the April 23 low and the April 23 peak until June 3

CTSI will takeout the April 23 peak

CTSI will takeout the April 23 peak

CTSI will takeout the April 23 peak


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CTSI will drop below the April 23 low

CTSI will drop below the April 23 low

CTSI will takeout the April 23 peak

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