Crypto Contest December 29: OmiseGO

OmiseGO (OMGUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, OmiseGO began a wave one advance on December 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 19, and the red wave two correction ended on December 22. If this wave count is correct, OmiseGO should be heading next towards the December 19 peak in the red wave three.

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

Looking at the daily chart, I believe OmiseGO is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8.

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

In the weekly chart, OmiseGO is most likely in the red wave three (blue sub-wave iii).

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

Funnymentals

OmiseGO's mission is to unbank the banked with Ethereum. Here is the official introduction video.

(Source: https://omisego.network/)

If you think this analysis is correct, upvote this post and upvote the comment "OmiseGO will takeout the December 19 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "OmiseGO will drop below the December 8 low".

If you think OmiseGO is in a range, upvote this post and upvote the comment "OmiseGO will stay in a trading range between the December 8 low and the December 19 peak until January 29, 2018".

You can upvote the comment until 3 PM EST December 30 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 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.