Crypto Contest July 12: Selfkey

Selfkey (KEYBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Selfkey began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 10. If this wave count is correct, Selfkey should be heading next towards the June 30 peak in the red wave three.

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

Funnymentals

Selfkey is a self-sovereign identity system that empowers individuals to find more freedom and privacy through the full ownership of their digital identity. Blockchain Marqets interviewed Edmund Lowell, founder of Selfkey, on June 26.

(Sources: https://selfkey.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Selfkey will takeout the June 30 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Selfkey will drop below the June 27 low".

If you think Selfkey is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Selfkey will stay in a trading range between the June 27 low and the June 30 peak until August 16".

You can upvote the comment until 3 PM EST July 15 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).

Bonus

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.