Crypto Contest January 21: Aion

Aion (AIONBTC) 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, Aion began a wave one advance on December 21, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v, leading diagonal) finished on January 9 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 17. If this wave count is correct, Aion should be heading next towards the January 9 peak in the red wave three.

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

Funnymentals

The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet. Here is the official introduction video.

(Sources: https://aion.network/ and YouTube)

If you think this analysis is correct, upvote this post and upvote the comment "Aion will takeout the January 9 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Aion will drop below the December 21, 2017 low".

If you think Aion is in a range, upvote this post and upvote the comment "Aion will stay in a trading range between the December 21, 2017 low and the January 9 peak until February 21".

You can upvote the comment until 3 PM EST January 22 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.