Crypto Contest September 4: Tokes

maarnio(75)

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#tokes

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2018-09-04 10:58

Tokes (TKSUSD) has broken out of the triangle pattern in the daily chart.
nimetön.png

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

Elliott Wave Analysis

In Elliott Wave terms, Tokes began a wave one advance in March 2017. 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 on August 13. If this wave count is correct, Tokes should be heading next towards the January peak in the red wave three.
nimetön2.png

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

Funnymentals

The Tokes platform provides blockchain solutions for the cannabis industry. You can view the Tokes documentary published on August 7 below.

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

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

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

If you think Tokes is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Tokes will stay in a trading range between the August low and the April peak until October 9".
nimetön3.png

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

You can upvote the comment until 3 PM EST September 7 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

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.