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Crypto Contest November 8: Blockstack

Asked by maarnio Promote - View in Hive.blog - Audit

BlockstackĀ (Binance: STXUSDT) has broken out of the triangle pattern in the four-hour chart. nimet-n.png (Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, STX began a wave one advance on October 31. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 3, and the red wave two (blue sub-waves a-b-c) correction ended on November 7. If this wave count is correct, STX should be heading next towards the November 3 peak in the red wave three. nimet-n2.png (Chart courtesy of Tradingview.com (log scale))


Blockstack is a decentralized computing network with 250+ apps that scale today. You can watch their intro video below.

(Sources: https://blockstack.org/)

How Will BlockstackĀ Trade?

Blockstack (Binance: STXUSDT)Ā four-hour chart by Tradingview. nimet-n3.png (Chart courtesy of Tradingview.com (log scale))


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.

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STX will drop below the October 31 low (34.92%) 22 / 63
34.92% Complete (success)
STX will stay in a trading range between the October 31 low and the November 3 peak until December 14 (33.33%) 21 / 63
33.33% Complete (success)
STX will takeout the November 3 peak (31.75%) 20 / 63
31.75% Complete (success)

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