Crypto Contest April 11: Zilliqa

Zilliqa (ZILBTC) 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, Zilliqa began a wave one advance on March 18. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 31, and the red wave two (blue sub-waves a-b-c) correction ended on April 6. If this wave count is correct, Zilliqa should be heading next towards the March 31 peak in the red wave three.

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

Zooming out in the four-hour chart, I believe Zilliqa is currently in the red wave three (blue sub-wave iii). The red wave three began on March 18.

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

Funnymentals

Zilliqa is next generation, high throughput blockchain platform. Crush Crypto has made a good introduction video to the coin on March 17.

(Sources: https://www.zilliqa.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zilliqa will takeout the March 31 peak".

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

If you think Zilliqa is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Zilliqa will stay in a trading range between the March 18 low and the March 31 peak until May 17".

You can upvote the comment until 4 AM EST April 12 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.