Crypto Contest October 5: Dock

Dock (DOCKBTC) 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, Dock began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 18, and the red wave two (blue sub-waves a-b-c) correction ended on September 25. If this wave count is correct, Dock should be heading next towards the September 18 peak in the red wave three.

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

Funnymentals

Dock is a decentralized data exchange protocol that lets people connect their profiles, reputations and experiences across the web with privacy and security. Decentralized Products published an overview of Dock earlier this year.

(Sources: https://dock.io/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dock will takeout the September 18 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dock will drop below the September 12 low".

If you think Dock is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dock will stay in a trading range between the September 12 low and the September 18 peak until November 9".

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

You can upvote the comment until 3 PM EST October 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 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.