Crypto Contest November 26: XEL

XEL (Bittrex: XELBTC) 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, XEL began a wave one advance on October 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 11, and the red wave two (blue sub-waves a-b-c) correction ended on November 20. If this wave count is correct, XEL should be heading next towards the November 11 peak in the red wave three.

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

Funnymentals

XEL is a decentralized supercomputer. The project has been rebranded from Elastic to XEL.

(Sources: https://xel.org/ and Streamable and Medium)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "XEL will takeout the November 11 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "XEL will drop below the October 6 low".

If you think XEL is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "XEL will stay in a trading range between the October 6 low and the November 11 peak until December 31".

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

You can upvote the comment until 3 PM EST November 29 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.