Stellar has broken out of the daily wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Stellar has completed one cycle from the December 6 low in the one-hour chart. The five wave advance finished on the December 7, and the three wave correction ended on the December 8. If this wave count is correct, Stellar should be heading next towards the December 7 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Stellar.
If you think this analysis is correct, upvote this post and upvote the comment "Stellar will takeout the September 28 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Stellar will drop below the December 6 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 December 6 low and the September 28 peak until January 5, 2017".
You can upvote the comment until 3 PM EST December 10 and you can upvote only one comment. 100% of Steem (0.033 STEEM) 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 December 6 low and the September 28 peak until January 5, 2017 (21 voters as of 3 PM EST December 10: helikopterben, bleujay, yefet, gregory-f, spinbunny, proctologic, landofcrypto, stranger27, gemer00, tee-em, jamesbrown, saeryn, badploi, fjccoin, applecrisp, pangur-ban, toddemaher1, cata22, steempredict, godzilla, razberrijam). 4 voters: saeryn (25), badploi (29), steempredict (31), godzilla (25) below 35 Reputation points.
trader will vote this. btw how can i know my reputation? im new here
Your reputation is 28.
:(
but still im with your analysis :D
Thank you. You can still gain reputation points before the payout.
You won.
Stellar will takeout the September 28 peak (8 voters as of 3 PM EST December 10: otisbrown, anotherjoe, inertia, feelinggood, saeryn, fortinbuff, moondoge, escapeamericanow).
optimistic ppl will vote this
Stellar will drop below the December 6 low (10 voters as of 3 PM EST December 10: twinner, majes, idnit, michaelcorleone, jdbry, digit, idnit1, mrfoot, mistere, idnit0).
great
Thank you for posting @maarnio. Appreciate you briniging the analysis of so many crytos to Steemit.
Thank you for the winning rewards.
All the best.
Thank you bleujay. It is my pleasure.
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Looks Interesting charts
Thank you bullionstackers.
I believe Stellar will stay in range. Cata22
If you think Stellar is in a range, upvote this post and upvote the comment "Stellar will stay in a trading range between the December 6 low and the September 28 peak until January 5, 2017".
I saw that you upvoted the post, but not the first comment.