Crypto Contest November 5: Ethereum

Ethereum (ETHUSD) 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, Ether began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 21, and the red wave two (blue sub-waves a-b-c) correction ended on October 11. If this wave count is correct, Ether should be heading next towards the September 21 peak in the red wave three.

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

Looking at the monthly chart, I believe Ether is currently in the red wave five. The red wave five began on September 12.

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

Funnymentals

You can hear the latest (final) thoughts from Devcon4 by Boxmining.

(Sources: https://www.ethereum.org/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ether will takeout the September 21 peak".

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

If you think Ether is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ether will stay in a trading range between the September 12 low and the September 21 peak until December 10".

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

You can upvote the comment until 3 PM EST November 8 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.