Crypto Contest March 27: 3X Short Ethereum Token

in palnet •  5 years ago 

3X Short Ethereum Token (FTX: ETHBEARUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ETHBEAR began a red wave A (blue sub-waves a-b-c) advance on February 18. The red wave A finished on March 13, and the red wave B (blue sub-waves a-b-c) correction ended on March 24. If this wave count is correct, ETHBEAR should be heading next towards the March 13 peak in the red wave C.

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

Funnymentals

3X Short ETH Token (ETHBEAR) is an ERC20 token which seeks a return that corresponds to -3 times the daily return of Ethereum.

(Sources: https://ftx.com/tokens/ETHBEAR)

How Will ETHBEAR Trade?

3X Short Ethereum Token (FTX: ETHBEARUSD) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

ETHBEAR will takeout the March 13 peak

ETHBEAR will drop below the February 18 low

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

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ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will drop below the February 18 low

ETHBEAR will takeout the March 13 peak

ETHBEAR will takeout the March 13 peak

ETHBEAR will drop below the February 18 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@passat/q8h9kp

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will drop below the February 18 low

$rewarding 100

The reward of this comment goes 100 % to the author tiktik. This is done by setting the beneficiaries of this comment to 100 %.

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will takeout the March 13 peak

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will drop below the February 18 low

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

Hi there

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Are you fully moving there or will you stay on both chains? Just curious. I'm trying to figure out what to do myself.

I'm moving to HIVE and squeezing steemit

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It's post published by good friend of mine and I'm helping him to promote their curation trail.

ETHBEAR will drop below the February 18 low

Correct. Upvoted your comment:
https://steemit.com/palnet/@aminator/q8gfye

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

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ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will takeout the March 13 peak

ETHBEAR will drop below the February 18 low

Correct. Upvoted your comment:
https://steemit.com/blockchain/@kutra/q8hi3e

ETHBEAR will takeout the March 13 peak

ETHBEAR will drop below the February 18 low

Correct. Upvoted your comment:
https://steemit.com/palnet/@sporttr/q8mhu5

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

ETHBEAR will stay in a trading range between the February 18 low and the March 13 peak until April 30

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