Crypto Contest November 7: EOS

EOS (EOSUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April this year, and the red wave two (blue sub-waves a-b-c) correction ended in August. If this wave count is correct, EOS should be heading next towards the April peak in the red wave three.

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

Funnymentals

EOS is not a blockchain! Claims a new study. Ivan on Tech explained this few hours ago.

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

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

If you think EOS is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "EOS will stay in a trading range between the August low and the July peak until December 12".

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

You can upvote the comment until 3 PM EST November 10 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.