Crypto Contest September 12: Bancor
Bancor (BNTUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Bancor began a wave one advance on July 16. 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 on September 5. If this wave count is correct, Bancor should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com)
One can see the blue sub-waves i-ii-iii-iv-v better in the line chart without any overlapping.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Bancor will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Bancor will drop below the July 16 low".
If you think Bancor is in a range, upvote this post and upvote the comment "Bancor will stay in a trading range between the July 16 low and the September 1 peak until October 13".
You can upvote the comment until 3 PM EST September 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).
Bancor will takeout the September 1 peak (13 voters as of 3 PM EST September 13: bleujay, landofcrypto, bentleycapital, architrader, kooshikoo, lasper, themovieplace, eirik, lydon.sipe, mirda, lig007, digitalking, mprgrmmr).
It's about time for this one.
I believe so too. Thank you for resteeming again.
Bancor will stay in a trading range between the July 16 low and the September 1 peak until October 13 (21 voters as of 3 PM EST September 13: soundmoney, me-tarzan, lucasgabd, catena, flemingfarm, skririm, allyouneedtoknow, tzap90, miniature-tiger, starline, ahinga, coolthings, ragnaros, carlosdaniel, abh12345, allmonitors, andy23, psywalker, abay, barcalogia, me-do).
You won.
Bancor will drop below the July 16 low (9 voters as of 3 PM EST September 13: gregory-f, yefet, ace108, libert, cassidyandfranks, jznsamuel, buggedout, gunsmithing, lottoprof).
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