Crypto Contest January 18: Steem

8 months ago
1 Min Read
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Crypto Contest January 18: Steem

Steem (Bittrex: STEEMUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, STEEM began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2019. If this wave count is correct, STEEM should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of (log scale))


You can find the latest penguinpablo's Steem stats report here.

How Will Steem Trade?

Steem (Bittrex: STEEMUSD) daily chart by Tradingview.
(Chart courtesy of (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.

  • STEEM will takeout the July 23, 2019 peak

  • STEEM will drop below the November 25, 2019 low

  • STEEM will stay in a trading range between the November 25, 2019 low and the July 23, 2019 peak until February 23

Answer the question at