Crypto Contest May 11: SONM

maarnio (75)in #sonm • 7 years ago (edited)

SONM (SNMUSD) 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, SONM began a wave one advance on November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, SONM should be heading next towards the January 7 peak in the red wave three.

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

Funnymentals

SONM is a decentralized fog-computing platform. BitCago Crypto published a coin overview on April 23.

(Sources: https://sonm.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will takeout the January 7 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will drop below the April 1 low".

If you think SONM is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "SONM will stay in a trading range between the April 1 low and the January 7 peak until June 16".

You can upvote the comment until 3 PM EST May 14 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.

#cryptocurrency #investors-group #contest #busy

7 years ago in #sonm by maarnio (75)

$21.67

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maarnio (75) 7 years ago (edited)

SONM will stay in a trading range between the April 1 low and the January 7 peak until June 16 (36 voters as of 3 PM EST May 14: bleujay, revelationquotes, bentleycapital, soundmoney, glennolua, misalen, dlina-v-metrah, rothberg, komischername, flemingfarm, steem-d-anlovnit, lucasgabd, toofasteddie, ahinga, koskl, starline, diogosantos, costanza, mirda, poti, richard78624, qmarpot, coolthings, nordina, nicolaepavelean, harryp3, mihail.tsvetkov, andy23, mitrado, ragnaros, utkarshvarma, jozef230, askeb, elisablogs, cmoljoe, borban).

$2.73

[-]

maarnio (75) 7 years ago

You won.

$0.00

1 vote

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maarnio (75) 7 years ago (edited)

SONM will drop below the April 1 low (13 voters as of 3 PM EST May 14: sqlinsix, skepticology, steemit.nemesis, jznsamuel, janine-ariane, vicspics, themovieplace, mister.green, barbadosso, sporttr, stalexmkl, easymoney202, photo-moment).

$0.83

14 votes

[-]

maarnio (75) 7 years ago (edited)

SONM will takeout the January 7 peak (14 voters as of 3 PM EST May 14: gregory-f, crokkon, fitinfun, bxlphabet, dirty.hera, mgood, me-do, reconnectnature, carlosdaniel, portillo, kunschj, galasek, cosminblaga, heidelbaer).

$0.72

17 votes