Crypto Contest November 29: Burst
Elliott Wave Analysis
In Elliott Wave terms, BURST began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended on November 26 this year. If this wave count is correct, BURST should be heading next towards the June 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
With Burst and its Proof-of-Capacity algorithm, miners use free space on their hard drives to secure the network. You can watch their latest AMA below.(Sources: https://www.burst-coin.org/)
How Will Burst Trade?
I will be giving upvotes to the correct answers with minimum reputation of 25.
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices.
- BURST will takeout the September 23 peak
- BURST will drop below the November 26 low
- BURST will stay in a trading range between the November 26 low and the September 23 peak until January 4
Answer the question at dpoll.xyz.