Crypto Contest May 19: Steem

Steem (Binance: STEEMETH) 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, STEEM began a red wave one advance on February 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 19, and the red wave two (blue sub-waves a-b-c) correction ended on April 23. If this wave count is correct, STEEM should be heading next towards the March 19 peak in the red wave three. (Chart courtesy of Tradingview.com (log scale))

Funnymentals

You can find the latest Hive vs Steem stats from @penguinpablo below. (Sources: )

How Will Steem Trade?

Steem (Binance: STEEMETH) 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.

STEEM will takeout the March 19 peak

STEEM will drop below the February 26 low

STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23

Posted Using LeoFinance