Crypto Contest January 29: IoTeX
IoTeX (Binance: IOTXETH) 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, IoTeX began a wave one advance on August 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, IoTeX should be heading next towards the October 28, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
IoTeX is a privacy-centric blockchain platform that is fast, flexible and Internet of Things (IoT) friendly. You can view their latest AMA streamed on January 25.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "IoTeX will takeout the December 7, 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "IoTeX will drop below the January 5 low".
If you think IoTeX is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "IoTeX will stay in a trading range between the January 5 low and the December 7, 2018 peak until March 5".
(Chart courtesy of Tradingview.com (log scale))
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Published by Maarnio
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IoTeX will stay in a trading range between the January 5 low and the December 7, 2018 peak until March 5 (18 voters as of 3 PM EST February 1: bentleycapital, gregory-f, mellofello, abh12345, crokkon, skepticology, toofasteddie, novus-locus, reconnectnature, mitrado, steem-d-anlovnit, jznsamuel, anetchen, harryp3, mgood, fullcoverbetting, utkarshvarma, richard78624).
IoTeX will drop below the January 5 low (7 voters as of 3 PM EST February 1: freiheit50, sqlinsix, allyouneedtoknow, vicspics, tzap90, barbadosso, galasek).
You won. Paid out from @maarnio1
IoTeX will takeout the December 7, 2018 peak (4 voters as of 3 PM EST February 1: diana.feuerberg, steemit.nemesis, kunschj, ace108).
Just the fact that they are Internet of Things (IoT) "friendly", already makes every investor wanting to learn more about their project.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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