Crypto Contest February 8: ETHLend

ETHLend (LENDETH) 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, ETHLend began a wave one advance on December 14, 2017. 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 February 6. If this wave count is correct, ETHLend should be heading next towards the January 7 peak in the red wave three.

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

Funnymentals

Here is an ETHLend Project review published on January 20 by Keys to Freedom Crypto Diggy.

(Sources: https://ethlend.io/en/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "ETHLend will takeout the January 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "ETHLend will drop below the December 14, 2017 low".

If you think ETHLend is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "ETHLend will stay in a trading range between the December 14, 2017 low and the January 7 peak until March 11".

You can upvote the comment until 3 PM EST February 9 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).

Bonus

I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.