Crypto Contest June 7: OST

OST (OSTBTC) 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, OST began a wave one advance on December 22, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 11 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 18. If this wave count is correct, OST should be heading next towards the January 11 peak in the red wave three.

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

Funnymentals

The OST software platform helps businesses gain competitive advantage with blockchain. The latest AMA with founders Jason Goldberg and Benjamin Bollen was published on May 31.

(Sources: https://ost.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "OST will takeout the January 11 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "OST will drop below the December 22, 2017 low".

If you think OST is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OST will stay in a trading range between the December 22, 2017 low and the January 11 peak until July 13".

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