Crypto Contest February 20: Insolar
Insolar (Binance: INSUSD) 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, Insolar began a wave one leading diagonal advance on November 26, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Insolar should be heading next towards the January 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Insolar is building an open-source enterprise-grade blockchain platform to enable seamless interactions between companies and new growth opportunities powered by distributed trust. You can view Insolar co-founders' interview for HKBnews below.
(Sources: Insolar and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Insolar will takeout the January peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Insolar will drop below the November 2018 low".
If you think Insolar is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Insolar will stay in a trading range between the November 2018 low and the January peak until March 27".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST February 23 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).
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Insolar will drop below the November 2018 low (8 voters as of 3 PM EST February 23: sqlinsix, bentleycapital, diana.feuerberg, skepticology, barbadosso, ace108, mgood, sporttr).
Insolar will stay in a trading range between the November 2018 low and the January peak until March 27 (11 voters as of 3 PM EST February 23: freiheit50, gregory-f, mellofello, kunschj, jznsamuel, steem-d-anlovnit, mitrado, simonjay, fullcoverbetting, richard78624, diogosantos).
You won. Paid out from @maarnio1
Insolar will takeout the January peak (4 voters as of 3 PM EST February 23: steemit.nemesis, allyouneedtoknow, vicspics, galasek).
I especially like the market segment they are focused on, has a lot of potential, but only time will tell how the adoption will work out.
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