Crypto Contest December 5: Waves
Waves (Bittrex: WAVESBTC) 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, Waves began a wave one advance in February 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November this year. If this wave count is correct, Waves should be heading next towards the May 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Waves is a custom blockchain tokens platform designed for large-scale business and consumer adoption. CoinKorea gave some hints to the recent price surge.
(Sources: https://wavesplatform.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will takeout the April peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will drop below the November low".
If you think Waves is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Waves will stay in a trading range between the November low and the April peak until January 9, 2019".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST December 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
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Bonus 2
Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.
Waves will stay in a trading range between the November low and the April peak until January 9, 2019 (14 voters as of 3 PM EST December 8: bleujay, mellofello, allyouneedtoknow, diana.feuerberg, soundmoney, crokkon, steem-d-anlovnit, kunschj, diogosantos, jznsamuel, fullcoverbetting, simonjay, dine77, richard78624).
Do you know what is going on with Waves? There has been ridiculous gains of well over 100% in the past week.
Did you watch the video?
No, but I will do so after just noticing "CoinKorea gave some hints to the recent price surge."
Waves will drop below the November low (6 voters as of 3 PM EST December 8: sqlinsix, gregory-f, diana.feuerberg, barbadosso, vicspics, sporttr).
Waves will takeout the April peak (6 voters as of 3 PM EST December 8: skepticology, steemit.nemesis, freiheit50, ace108, reconnectnature, galasek).
You won. Paid out from @maarnio1
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