Crypto Contest February 10: Quantum Resistant Ledger

Quantum Resistant Ledger (QRLBTC) 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, Quantum Resistant Ledger began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 16 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Quantum Resistant Ledger should be heading next towards the January 16 peak in the red wave three.

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

Funnymentals

According to the team:

The Quantum Resistant Ledger (QRL) will be a first of its kind, future-proof post-quantum value store and decentralized communication layer which tackles the threat Quantum Computing will pose to cryptocurrencies.

Here is the official introduction video.

(Sources: https://theqrl.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will takeout the January 16 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will drop below the December 8, 2017 low".

If you think Quantum Resistant Ledger is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will stay in a trading range between the December 8, 2017 low and the January 16 peak until March 13".

You can upvote the comment until 3 PM EST February 11 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.