Crypto Contest December 17: TenX Pay Token
TenX (PAYUSD) 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, TenX began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) advance finished on August 12, and the red wave two (blue sub-waves a-b-c) correction ended on November 12. If this wave count is correct, TenX should be heading next towards the August 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
With TenX one can convert and spend virtual currencies.
(Source: https://www.tenx.tech/)
If you think this analysis is correct, upvote this post and upvote the comment "TenX will takeout the August 12 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "TenX will drop below the November 12 low".
If you think TenX is in a range, upvote this post and upvote the comment "TenX will stay in a trading range between the November 12 low and the August 12 peak until January 17, 2018".
You can upvote the comment until 3 PM EST December 18 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).
TenX will stay in a trading range between the November 12 low and the August 12 peak until January 17, 2018 (24 voters as of 3 PM EST December 18: bleujay, freiheit50, bentleycapital, twinner, ace108, lucasgabd, criptorafa, misalen, veleje, tzap90, starline, digitalking, ahinga, freskil, cassidyandfranks, richard78624, ragnaros, heidelbaer, amfid4846, adrianacess, nordina, yefet, utkarshvarma, kanoe).
You won.
TenX will takeout the August 12 peak (33 voters as of 3 PM EST December 18: lydon.sipe, fitinfun, allyouneedtoknow, eirik, simonjay, heroic15397, cryptotem, anetchen, glennolua, flemingfarm, dlina-v-metrah, themovieplace, reconnectnature, veleje, gregory-f, mprgrmmr, jznsamuel, mgood, dirty.hera, lasper, bradenford, toofasteddie, catena, carlosdaniel, artz, me-do, plumygg, mihail.tsvetkov, andy23, koskl, paulipapa, incrediblesnow, barbadosso).
I own some TenX tokens (PAY) and have followed the company since it's ICO. I feel they are careful, strategic and succeeding. Good people working there. My hope is that it rises above the peak so that's my vote.
Probably, the smartest thing to do is to vote for outcome where there are the least votes. If you do get lucky here and there, you at least get bigger piece of cake ;-)
That being said I didn't elect for this strategy at this time lol
I checked few your other posts. It is nice to see you are also looking at weekly charts. Consolidation on a weekly chart is my favorite pattern.
Yes.
I like to trade the weekly patterns as well.
TenX will drop below the November 12 low (3 voters as of 3 PM EST December 18: coolthings, gunsmithing, portillo).
Hello my friend, I just mentioned you in my most recent post. I hope you like it!
https://steemit.com/curation/@fitinfun/minnow-tip-steemdunk-post-upvoting-save-time-increase-rewards
Thanks.
I am honored to be included.
singgah di tulisan saya
Great post
Followed u for that
Hope so you will my followship
@maarino