Crypto Contest March 20: Storj

Storj (Bittrex: STORJBTC) 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, STORJ began a wave one advance on January 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 15, and the red wave two (blue sub-waves a-b-c) correction ended on March 13. If this wave count is correct, STORJ should be heading next towards the February 15 peak in the red wave three.

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

Funnymentals

Storj hopes to provide decentralised cloud storage to its community. You can read their latest announcement here.

(Sources: https://storj.io/)

How Will Storj Trade?

Storj (Bittrex: STORJBTC) daily chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

STORJ will takeout the February peak

STORJ will drop below the January low

STORJ will stay in a trading range between the January low and the February peak until April 23

Posted via Steemleo