Crypto Contest January 30: 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 November 2, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 17. If this wave count is correct, OmiseGO should be heading next towards the January 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
In the line chart, one can see that there is no overlapping between blue waves one and four.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe OmiseGO is currently in the red wave three (blue sub-wave iii). The blue sub-wave one began on November 2, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
OmiseGo will be having a virtual town hall on January 31st at 3:00 AM UTC.
Here is the YouTube embedded:
(Sources: https://omisego.network/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will takeout the January 8 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will drop below the January 17 low".
If you think OmiseGO is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "OmiseGO will stay in a trading range between the January 17 low and the January 8 peak until March 2".
You can upvote the comment until 3 PM EST January 31 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.
OmiseGO will takeout the January 8 peak (38 voters as of 3 PM EST January 31: bleujay, steemquestions, bentleycapital, eirik, fitinfun, soundmoney, simonjay, lydon.sipe, anetchen, kanoe, digitalking, sanjay91422, dirty.hera, crokkon, toofasteddie, komischername, kunschj, reconnectnature, themovieplace, japanguide, starline, coolthings, allmonitors, dmcamera, beiker, barbadosso, sevinwilson, incrediblesnow, acehnature, elisablogs, utkarshvarma, huasipi, elice, gergi6a, djpalaxtreme, karadere, margaritaradkova, steemaze).
OmiseGO will stay in a trading range between the January 17 low and the January 8 peak until March 2 (30 voters as of 3 PM EST January 31: heroic15397, glennolua, me-tarzan, yefet, ace108, misalen, mprgrmmr, twinner, lucasgabd, flemingfarm, mgood, cryptotem, catena, skririm, me-do, nicolaepavelean, ahinga, mirda, cassidyandfranks, criptorafa, richard78624, koskl, paul.atreides, andy23, portillo, freskil, heidelbaer, nihalmaz, diogosantos, angrybird).
I hope OmisoGo will breakout to a new high as I own some of these coins....but I am being conservative with this vote. Either way I'm happy!
Maarnio - thanks for hosting these contests. They are fun. :-)
Thank you mgood.
Doesn't look very good right now.
OmiseGO will drop below the January 17 low (13 voters as of 3 PM EST January 31: sqlinsix, gunsmithing, gregory-f, dlina-v-metrah, miniature-tiger, mitrado, ragnaros, libert, nordina, abhicrypto, trollo, greatgatsby, exfactor).
You won.
I think it's going up not sure if this week but it will go up, then OmiseGo will have to fight for a space, i like Vitalik is behind as advisor as well.
thanks @maarnio
Thanks beiker.
Rough start..
Genial maarnio!
I love what your contest make me do...I come here to participate and go make my analysis, suddenly I'm analysing so many markets and watching their movement! :D
I like to hear that.
For absolutely no reason - this is the coin I want to invest in the most.
Did you listen the Town Hall?
I like@maarnio
👍👍👍👍
Always good to see you here beautypics.
@maarnio I totally agree with your elliot wave analysis .. as for timing it thats hard , but trend prediction I agree.
Just found your profile and I like your content very much :)
If you got the time I cover Crypto news in immense detail .. it would be lovely if you could critique on improvement that would be lovely
https://steemit.com/altcoinbuzz/@steemaze/crypto-news-current-btc-early-motorola-korea-self-regulation-tether-hack-philippines-regulation-ltc-upgrade-qash-partnership
Cheers :))
Thanks steemaze.
I like your content.
I will try to follow you.