Crypto Contest November 22: Quantum Resistant Ledger
Quantum Resistant Ledger (Bittrex: QRLBTC) 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, Quantum Resistant Ledger began a wave one advance on October 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 7, and the red wave two (blue sub-waves a-b-c) correction ended on November 20. If this wave count is correct, Quantum Resistant Ledger should be heading next towards the November 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Quantum Resistant Ledger tackles the threat quantum computing will pose to cryptocurrencies. Neil Hughes interviewed Adam Koltun from the Quantum Resistant Ledger just yesterday.
(Sources: https://theqrl.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will takeout the July peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will drop below the October low".
If you think Quantum Resistant Ledger is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Quantum Resistant Ledger will stay in a trading range between the October low and the July peak until December 27".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST November 25 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).
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Quantum Resistant Ledger will stay in a trading range between the October low and the July peak until December 27 (13 voters as of 3 PM EST November 25: bleujay, bentleycapital, allyouneedtoknow, gregory-f, mellofello, novus-locus, jlordc, toofasteddie, jznsamuel, kunschj, steem-d-anlovnit, starline, diogosantos).
You won. Paid out from @maarnio1
Quantum Resistant Ledger will drop below the October low (7 voters as of 3 PM EST November 25: sqlinsix, diana.feuerberg, barbadosso, skepticology, tzap90, vicspics, galasek).
Quantum Resistant Ledger will takeout the July peak (5 voters as of 3 PM EST November 25: steemquestions, crokkon, ace108, steemit.nemesis, sporttr).
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