Stellar (STRUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Stellar began a wave one advance on December 2, 2016. The wave one finished on December 7, 2016, and the wave two correction ended on March 1 this year. The wave three advance finished on May 21, and the wave four correction ended on July 11. If this wave count is correct, Stellar should be heading next towards the May 21 peak in the wave five.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Stellar will takeout the May 21 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stellar will drop below the March 1 low".
If you think Stellar is in a range, upvote this post and upvote the comment "Stellar will stay in a trading range between the March 1 low and the May 21 peak until September 25".
You can upvote the comment until 3 PM EST August 26 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). Only participants with a Reputation of 35 or more will qualify in the contest.
Stellar will stay in a trading range between the March 1 low and the May 21 peak until September 25 (35 voters as of 3 PM EST August 26: bleujay, landofcrypto, simonjay, twinner, gregory-f, soundmoney, ace108, rhino, lucasgabd, flemingfarm, themovieplace, starline, cassidyandfranks, lasper, mirda, coolthings, twinner08, twinner13, twinner21, ahinga, miniature-tiger, yefet, napkin, abh12345, ragnaros, andy23, allmonitors, lig007, mprgrmmr, digitalking, mela, psywalker, kitcat, arpepa, freskil).
You won.
Stellar will takeout the May 21 peak (12 voters as of 3 PM EST August 26: otisbrown, lydon.sipe, catena, skririm, eirik, libert, jznsamuel, razorwave8, carlosdaniel, me-do, vermute, pullen).
Stellar will drop below the March 1 low (4 voters as of 3 PM EST August 26: spinbunny, tzap90, carver, yinyangboobookat).
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