Crypto Contest May 2: Request Network

Request Network (REQUSD) 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, Request Network began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Request Network should be heading next towards the January 6 peak in the red wave three.

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

Funnymentals

Request Network is a decentralized network for payment requests. Crypto Headquarters covered the coin in a April 14 video

and a April 28 video.

(Sources: https://request.network/#/, YouTube and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Request Network will takeout the January 6 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Request Network will drop below the March 18 low".

If you think Request Network is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Request Network will stay in a trading range between the March 18 low and the January 6 peak until June 7".

You can upvote the comment until 3 PM EST May 5 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 (@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.