Crypto Contest December 31: Qtum

Qtum (QTUMUSD) 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, Qtum began a wave one advance on September 15. The red wave one finished on November 29, and the red wave two correction ended on December 7. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on December 19, and the red wave four correction ended on December 22. If this wave count is correct, Qtum should be heading next towards the December 19 peak in the red wave five.

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

Zooming out in the daily chart, Qtum is most likely in the red wave three (blue sub-wave v). The red wave three began on September 15.

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

Funnymentals

Qtum is a decentralized blockchain application platform capable of running smart contracts on multiple virtual machines, with Proof-of-Stake consensus. Here is the official introduction video.

(Source: https://qtum.org/)

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

If you think this analysis is wrong, upvote this post and upvote the comment "Qtum will drop below the December 7 low".

If you think Qtum is in a range, upvote this post and upvote the comment "Qtum will stay in a trading range between the December 7 low and the December 19 peak until January 31, 2018".

You can upvote the comment until 3 PM EST January 1, 2018 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.