Crypto Contest April 16: 0x

0x (ZRXUSD) 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, 0x began a wave one advance on November 2, 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, 0x should be heading next towards the January 9 peak in the red wave three.

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

Funnymentals

0x is an open protocol for decentralized exchange of Ethereum tokens. Jetset Crypto published a YouTube video about 0x (fundamental and sentiment analysis) on February 17.

(Sources: https://0xproject.com/ and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "0x 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) "0x will drop below the November 2, 2017 low".

If you think 0x is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "0x will stay in a trading range between the November 2, 2017 low and the January 9 peak until May 22".

You can upvote the comment until 3 PM EST April 19 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.