Crypto Contest June 6: Eidoo
Eidoo (EDOBTC) 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, Eidoo began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, Eidoo should be heading next towards the January 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Eidoo is a multicurrency wallet and a hybrid exchange. neverXpected reviewed the token earlier this year.
(Sources: https://eidoo.io/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will takeout the January 9 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will drop below the December 8, 2017 low".
If you think Eidoo is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Eidoo will stay in a trading range between the December 8, 2017 low and the January 9 peak until July 12".
You can upvote the comment until 3 PM EST June 9 and you can upvote only one comment. 50% of 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.
Eidoo will stay in a trading range between the December 8, 2017 low and the January 9 peak until July 12 (46 voters as of 3 PM EST June 9: gregory-f, glennolua, soundmoney, simonjay, skepticology, positivebalances, komischername, mgood, ace108, rothberg, misalen, koskl, revelationquotes, flemingfarm, lucasgabd, kunschj, starline, steem-d-anlovnit, toofasteddie, costanza, cryptotem, diogosantos, mirda, richard78624, nicolaepavelean, karadere, portillo, galasek, photoquote, coolthings, biomanu, pario, techlife, mike11, nordina, ragnaros, amity123, mihail.tsvetkov, chotho, askeb, andy23, faroel, mitrado, stalexmkl, easymoney202, neo-wiza).
Eidoo will drop below the December 8, 2017 low (11 voters as of 3 PM EST June 9: sqlinsix, allyouneedtoknow, freiheit50, abh12345, steemit.nemesis, vicspics, jznsamuel, reconnectnature, jlordc, punjolife, sporttr).
Eidoo will takeout the January 9 peak (11 voters as of 3 PM EST June 9: lydon.sipe, bxlphabet, crokkon, fitinfun, barbadosso, carlosdaniel, eusebio, marverick984, cosminblaga, nzl19500, sljivanono).