Crypto Contest September 8: Qwark

Qwark (QWARKUSD) 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, Qwark began a wave one advance in February 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in August. If this wave count is correct, Qwark should be heading next towards the January peak in the red wave three.

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

Funnymentals

Qwark runs on a custom built blockchain called Ubiq. You can view a nostalgic Qwark video made by Legit Crypto and published in August 2017.

(Sources: http://www.qwark.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Qwark will takeout the April 2018 peak".

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

If you think Qwark is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Qwark will stay in a trading range between the February 2017 low and the April 2018 peak until October 13".

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

You can upvote the comment until 3 PM EST September 11 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).

Bonus 1

I will be sending one Trophy Token (@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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.