Crypto Contest June 12: Matryx

Matryx (Huobi: MTXBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Matryx began a wave one advance on February 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 4. If this wave count is correct, Matryx should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

Matryx is composed of a collaboration system to track innovation and a bounty system to award solutions to scientific problems. Dr.

Don’t Sleep On Litecoin’s Halving Event – Part 2

Litecoin is up more than 300%, trading at levels not seen since the Spring of 2018 and even has outpaced Bitcoin in 2019.  The main catalyst behind Litecoin’s meteoric rise in 2019 is no other than the Litecoin halving event on Aug. 8th, in just under 60 days.  I talked about Litecoin’s halving event 17 days ago.

The current momentum is likely coming from the halving event which is predicted to occur on August 6, just 73 days away. The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. This effectively

Don’t Sleep On Litecoin’s Halving Event – Part 2

Litecoin is up more than 300%, trading at levels not seen since the Spring of 2018 and even has outpaced Bitcoin in 2019.  The main catalyst behind Litecoin’s meteoric rise in 2019 is no other than the Litecoin halving event on Aug. 8th, in just under 60 days.  I talked about Litecoin’s halving event 17 days ago.

The current momentum is likely coming from the halving event which is predicted to occur on August 6, just 73 days away. The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. This effectively

Litecoin Rips Through 120 Sets Sights on 170???

So litecoin is outperforming the other big caps in recent days and has made an aggressive push higher.  The move is getting a bit extended but that doesn’t mean it’s about to end.  So where can it go?
Extended but extending
To be honest., I was hesitant to get long at 115 the other day because when I look at the weekly chart price looks a bit extended.  On the daily chart it looked fine though, well until now where it also looks extended.

The reason I say extended is because it has pulled far away from the 10 day moving average (blue

GVT technical analysis

GVT seen from the temporality of 1D we can observe the setup of an ascending triangle, having the resistance in the 4773, the price in the last candles has realized the breaking of the resistance of fall where it seems to have tested correctly like support after the throwback.

GVT seen from the temporality of 4H we can observe the formation of a cup & handle, the pattern should be completed by breaking the major figure reaching our take profit which is located within the price range of 5582 – 5690.

GVT seen from the temporality of 1W we can observe how

BITCOIN – 11 Jun

On 4hr chart, pretty much the same consolidation. Opinion still remains the same for the past 2 days. Likely bearish week and a possible test of the 6500-6800 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :248
Dominance :55.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

World Series of Crypto Trading

 
I’ve just entered the World Series of Crypto Trading
and I suggest that you enter it too.
 

From https://wsoc.io

The World Series of Crypto Trading (WSOC) takes place on the Waves platform. I love platform coins, but as much as I want to, I can’t hold them all. WAVES is a cryptocurrency which has so far (unfortunately) escaped being added to my portfolio. In hindsight I should have bought WAVES long ago, instead of several other unsuccessful coins which I did buy.

One of the nicest things about Waves is that it has its own DEX, and that is where the WSOC trading will

Crypto Contest June 11: ContentBox

ContentBox (Huobi: BOXBTC) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ContentBox began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, ContentBox should be heading next towards the April 2 peak in the red wave three.

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

Funnymentals

ContentBox is empowering a decentralized digital content ecosystem. You can watch their intro video below.

(Sources: ContentBox and YouTube)

How can I vote?

FET technical analysis

FET seen from the 3D temporality we can see how the current candle that ends session today, is closing until the moment above the resistance, to achieve close in this way, it is very possible that we see a strong bullish movement, I have also drawn a horizontal in the 2525 where you can see how the price tested the support correctly causing the current bullish movement.

FET seen from the temporality of 1D we can observe how the structure of candles is forming a known bull setup called cup & handle, to complete the setup, the price should reach our

Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP Analysis: Waiting for Larger Move

Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.

Price has been unable to decisively (daily candle open and close) break above the 21 day EMA….which is now confirmed resistance. A decisive break above would be significant in my opinion.

Zooming in on the 4 hour chart, we can see the 8, 21 and