Crypto Contest December 8: Ardor

Ardor (Poloniex: ARDRBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Ardor began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended in November. If this wave count is correct, Ardor should be heading next towards the January peak in the red wave three.

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

Funnymentals

Ardor is a blockchain-as-a-service-platform that evolved from the time-tested Nxt blockchain. You can view their latest presentation from November below.

(Sources: https://www.ardorplatform.org/ and YouTube)

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

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

If you think Ardor is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ardor will stay in a trading range between the November low and the September peak until January 12, 2019".

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

You can upvote the comment until 3 PM EST December 11 and you can upvote only one comment. 50% of liquid STEEM + 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 1

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.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.