Crypto Contest February 21: Qtum
Qtum (Bittrex: QTUMUSD) 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, Qtum began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Qtum should be heading next towards the December 24, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Qtum is a decentralized blockchain application platform capable of running smart contracts on multiple virtual machines, with Proof-of-Stake consensus. Nerdy Ninja reviewed the coin earlier this year.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Qtum will takeout the December 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Qtum will drop below the December 2018 low".
If you think Qtum is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Qtum will stay in a trading range between the December 2018 low and the December 2018 peak until March 28".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST February 24 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
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Qtum will takeout the December 2018 peak (8 voters as of 3 PM EST February 24: bleujay, bentleycapital, gregory-f, steemit.nemesis, allyouneedtoknow, ace108, deceth, sporttr).
You won. Paid out from @maarnio1
Qtum will stay in a trading range between the December 2018 low and the December 2018 peak until March 28 (15 voters as of 3 PM EST February 24: freiheit50, abh12345, mellofello, crokkon, toofasteddie, zapncrap, kunschj, jznsamuel, steem-d-anlovnit, mitrado, fullcoverbetting, simonjay, richard78624, diogosantos, mgood).
Qtum will drop below the December 2018 low (5 voters as of 3 PM EST February 24: diana.feuerberg, skepticology, barbadosso, vicspics, galasek).
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