Markus Aarnio avatar

Crypto Contest June 27: Bezant

maarnio

Published: 27 Jun 2020 › Updated: 27 Jun 2020Crypto Contest June 27: Bezant

Crypto Contest June 27: Bezant

Bezant (Bithumb: BZNTKRW) 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, BZNT began a red wave one advance on March 13. The red wave one finished on May 5, and the red wave two correction ended on May 11. The red wave three advance finished on June 8, and the red wave four correction ended on June 11. If this wave count is correct, BZNT should be heading next towards the June 8 peak in the red wave five.

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

Funnymentals

Bezant is a decentralized payment platform enabling the creation of "robust" applications. You can watch their intro video below.

(Sources: https://bezant.io/#/)

How Will Bezant Trade?

Bezant (Bithumb: BZNTKRW) 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.

BZNT will takeout the June 8 peak

BZNT will drop below the May 31 low

BZNT will stay in a trading range between the May 31 low and the June 8 peak until August 1

Leave Crypto Contest June 27: Bezant to:

Written by

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.

Read more #leofinance posts


Best Posts From Markus Aarnio

We have not curated any of maarnio's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From Markus Aarnio